CG Consumer shares fall 1.3 per cent in Tuesday’s trading session

Shares of Crompton Greaves Consumer Electricals Ltd. fell 1.3 per cent to Rs 458.25 in Tuesday’s trade as of 02:02PM (IST) even as the benchmark Nifty ruled at 15665.10, down 87.3 points.

The scrip had closed at Rs 464.3 in the previous session. The stock quoted a 52-week low of Rs 238.05 and a high of Rs 496.5. The company quoted a market-cap of Rs 28703.68 crore on the BSE.

On BSE, 80,109 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 46.55 times its trailing 12-month EPS of Rs 9.82 per share and 12.79 times its book value. The return on equity (ROE) stood at Rs 34.86.

Key Financials

For the quarter ended 31-Mar-2021, Crompton Greaves Consumer Electricals Ltd. reported consolidated sales of Rs 1542.65 crore, up 48.57 per cent from the same quarter a year ago. The company reported 143.96 per cent YoY growth in net profit at Rs 249.08 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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