Crompton Greaves drops after Q1 results

Crompton Greaves lost 4.13% to Rs 195 at 15:17 IST on BSE after consolidated net profit rose 6.55% to Rs 64.02 crore on 7.73% growth in total income to Rs 3480.11 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced during market hours today, 5 August 2014.

Meanwhile, the S&P BSE Sensex was up 189.96 points or 0.74% at 25,913.12.

On BSE, so far 12.14 lakh shares were traded in the counter as against average daily volume of 6.33 lakh shares in the past one quarter.

The stock hit a high of Rs 205.25 and a low of Rs 193.70 so far during the day The stock had hit a 52-week low of Rs 75.25 on 28 August 2013. The stock had hit a 52-week high of Rs 219.25 on 11 June 2014.

The stock had underperformed the market over the past one month till 4 August 2014, sliding 1.83% compared with the Sensex's 0.92% fall. The scrip had, however, outperformed the market in past one quarter, jumping 23.31% as against Sensex's 14.82% rise.

The large-cap company has equity capital of Rs 125.82 crore. Face value per share is Rs 2.

Crompton Greaves is a global pioneering leader in the management and application of electrical energy. It provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into three business groups: power, industrial and consumer.

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