Crompton Greaves drops on profit booking

Crompton Greaves shed 3.02% to Rs 212 at 15:14 IST on BSE, with the stock sliding on profit taking after recent rally.

Meanwhile, the S&P BSE Sensex was down 13.10 points or 0.05% at 27,099.11.

On BSE, so far 3.79 lakh shares were traded in the counter as against average daily volume of 5.55 lakh shares in the past two weeks.

The stock hit a high of Rs 220.60 and a low of Rs 211.10 so far during the day. The stock had hit a 52-week high of Rs 231 on 10 September 2014. The stock had hit a 52-week low of Rs 85 on 25 September 2013.

Shares of Crompton Greaves had surged 5.52% in two trading sessions to settle at Rs 218.60 on Thursday, 18 September 2014, from a recent low of Rs 207.15 on 16 September 2014.

Crompton Greaves' consolidated net profit rose 6.6% to Rs 64.02 crore on 7.7% growth in net sales to Rs 3441.54 crore in Q1 June 2014 over Q1 June 2013.

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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