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Crompton Greaves Stock: Buy Crompton Greaves Consumer Electricals, Target Price Rs 335: LKP Securities

LKP Securities has placed a buy call on Crompton Greaves Consumer Electricals Ltd. with a target price of Rs 335. The current market price of Crompton Greaves Consumer Electricals Ltd. is Rs 285.55.
Established in 2015, Crompton Greaves Consumer Electricals Ltd. is a mid-sized company (Market Capitalization of Rs 18232.75 Crore) operating in the Consumer Goods sector. Crompton Greaves Consumer Electricals Ltd. Key product/revenue segments include Electrical Consumer Durables, Lighting Products, Scrap, Services Sales, Export Incentives, and Royalty Income for the year ended March 31, 2023.

finance
For the quarter ended December 31, 2023, the company reported consolidated total income of Rs 1709.36 Crore, which is -4.88% down from total income of Rs 1797.15 Crore in the previous quarter and 11.18% higher than Rs 1537.51 Crore in the same quarter last year. 1537.51 Crore. . The company reported a net profit after tax of Rs 85.45 Crore in the latest quarter.

Promoter/FII Holdings
The promoters hold 2.54% stake in the company as on December 31, 2023, followed by FIIs with 35.58% and DIIs with 47.45%.

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