Crompton Greaves Ltd (CROM.NS)
20 Oct 2014
|Market Cap (Mil.):||Rs117,483.60|
|Shares Outstanding (Mil.):||626.75|
Reuters Market Eye - * Shares in Crompton Greaves gain 1 percent, outperforming a 1 percent fall in the Nifty.
* Shares in Crompton Greaves gain 1 percent, outperforming a 1 percent fall in the NSE index. * Despite posting lower-than-expected earnings on Tuesday, analysts express optimism about improving profitability. * Crompton coud see "substantially improved profitability of existing orderbook," Edelweiss says in a note. (email@example.com / firstname.lastname@example.org)
* NSE ends 0.21 pct higher; BSE index gains 0.04 pct * Crompton Greaves jumps on demerger proposal * Mahindra and Mahindra slumps after block deals * Strides Arcolab gains; Mankekar raises stake to 4.7 pct By Abhishek Vishnoi MUMBAI, July 17 - Indian shares rose for a third straight session on Thursday as lenders such as Kotak Mahindra Bank extended gains on upbeat sentiment as the central bank exempted long-term bonds for the infrastructure sector from reserve req
Reuters Market Eye - Shares in power equipment maker Crompton Greaves jump 11.8 percent after proposing to demerge its consumer products business unit into a separate listed company, the company said in a statement on Thursday.
* Shares in Indian power equipment maker Crompton Greaves jump 10.3 percent after proposing to demerge its consumer products business unit into a separate listed company, the company said in a statement on Thursday. * "Demerger would result in the consumer business being accorded a higher multiple than the entire parent company. Peers in electrical consumer business trade at a higher multiple as compared to Crompton Greaves," said IIFL Capital in a note to its clients. (abhishek.vishnoi@thom