Buy Crompt Grea Con Elec: Kotak Securities's Target Price Rs 444
Kotak Securities has issued a buy call on Crompton Greaves Consumer Electricals (Crompt Grea Con Elec) with a target price of Rs 444, implying a potential upside of around 1.7%. The stock is currently trading at Rs 436.8. The brokerage firm is positive on Crompt Grea Con Elec due to its strong brand recognition, wide distribution network, and focus on innovation. The company is also expected to benefit from the government's thrust on infrastructure development and rural electrification.
About Crompt Grea Con Elec:
Crompton Greaves Consumer Electricals Limited (CGCEL) is an Indian consumer electrical goods company listed on the National Stock Exchange (NSE) in India. It is a subsidiary of Schneider Electric and was formed through the merger of Crompton Greaves Consumer Electricals Limited and Havells India Limited in 2021. CGCEL offers a wide range of products, including fans, lighting, pumps, kitchen appliances, and water heaters. The company has a strong distribution network across India and exports its products to over 40 countries.
52 Week Price Trend:
Crompton Greaves Consumer Electricals (CROMPTON) is currently trading at Rs 436.8, above its 52-week high of Rs 327.95. This signifies a strong upward trend for the stock. However, investors should note that the stock has also experienced a significant decline from its 52-week high, indicating potential volatility. Despite the recent correction, CROMPTON's current price remains well above its 52-week low of Rs 251, suggesting that there is still room for growth.
Stratzy's MOST Analysis:
CROMPTON has received a BB- rating from Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on assessments of the company's management, outlook, safety, and trend. The rating suggests that CROMPTON has areas of strength and weakness in these areas, and investors should further evaluate the company's financial performance and prospects before making investment decisions.
Company's Fundamentals:
Crompton Greaves Consumer Electricals Limited (CROMPTON) is a leading consumer electrical goods company in India. As of today, its stock is trading at a Price-to-Earnings (PE) ratio of 42.67, indicating that investors are willing to pay 42.67 times the company's earnings for each share. The Price-to-Book (PB) ratio of 6.75 suggests that the company's market value is 6.75 times its book value, implying that investors believe the company is undervalued. Lastly, the Dividend Yield of 1.04% indicates that the company is paying out 1.04% of its share price as dividends, providing investors with a potential income stream.
Fundamental and Technical information provided in this blog were last updated on 08 Oct, 2024
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