Crompton Greaves gains nearly 5% in two sessions

Crompton Greaves rose 2.99% to Rs 84.40 at 14:27 IST on BSE, with the stock extending gains registered during the previous trading session in the wake of the announcement of Q1 June 2016 results.

Meanwhile, the BSE Sensex was up 162.65 points, or 0.57%, to 28,505.66.

On BSE, so far 11.39 lakh shares were traded in the counter, compared with average daily volume of 5.92 lakh shares in the past one quarter. The stock hit a high of Rs 85.45 and a low of Rs 82.50 so far during the day. The stock hit a 52-week high of Rs 88.65 on 18 August 2016. The stock hit a 52-week low of Rs 38.79 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 4.59% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.16% as against Sensex's 6.10% rise.

The mid-cap company has equity capital of Rs 125.35 crore. Face value per share is Rs 2.

Shares of Crompton Greaves rose 1.93% to settle at Rs 81.95, yesterday 30 August 2016, on the back of improved Q1 results. The result was announced during trading hours. The stock has risen 4.98% in two trading sessions from its close of Rs 80.40 on Monday, 29 August 2016.

Crompton Greaves reported consolidated net loss of Rs 9.51 crore in Q1 June 2016, lower than net loss of Rs 62.20 crore in Q1 June 2015. Net sales rose 38.56% to Rs 1423.76 crore in Q1 June 2016 over Q1 June 2015.

Crompton Greaves is engaged in the business of power and industrial systems.

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