Top Stocks Today : IIFL Securities has Buy call on Crompt Grea Con Elec - June 10

IIFL Securities has issued a buy call on Crompton Greaves Consumer Electrical Ltd. (Crompt Grea Con Elec) with a target price of Rs 430, representing a potential upside of approximately 4.5%. The current market price of Crompt Grea Con Elec is Rs 412.55. This recommendation is based on the company's strong brand presence, expanding product portfolio, and growth opportunities in the consumer durables market. IIFL Securities believes that Crompt Grea Con Elec is well-positioned to benefit from the ongoing recovery in the consumer durables sector and expects the company to continue delivering strong financial performance in the coming quarters.

About Crompt Grea Con Elec:

Crompton Greaves Consumer Electricals Limited (Crompton) is an Indian consumer electrical goods company based in Mumbai, India. The company manufactures and markets a wide range of products including fans, lights, switches, and other electrical accessories. Crompton has a strong presence in India and also exports its products to over 70 countries. The company is listed on the National Stock Exchange (NSE) of India and is a part of the BSE Sensex index.

52 Week Price Trend:

Crompton Greaves Consumer Electricals (CROMPTON) is currently trading at Rs 412.55, representing a significant premium to its 52-week low of Rs 251. This growth is attributed to the company's robust financial performance, driven by strong demand for its products and effective cost management strategies. Crompton's revenue has increased by 12% over the past year, while its net profit has surged by 20%. The company's strong brand presence, coupled with its wide distribution network and focus on innovation, is likely to continue driving its growth in the coming quarters.

Stratzy's MOST Analysis:

CROMPTON has been rated BB- by Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on the company's performance in terms of Management, Outlook, Safety, and Trend. The MOST framework assigns scores to each of these pillars, which are then combined to create an overall score. CROMPTON's BB- rating suggests that while the company has some strengths, there are also areas where it could improve. This rating should be considered when making investment decisions, as it provides insights into the company's financial health and risk profile.

Company's Fundamentals:

Crompton Greaves Consumer Electricals (CROMPTON) has a stock PE of 42.67, indicating that investors are willing to pay 42.67 times the company's earnings per share. The PB Ratio of 6.75 suggests that the stock is currently trading at 6.75 times the company's book value per share. CROMPTON's Dividend Yield of 1.04% means that investors can expect to receive an annual dividend of 1.04% of the current share price, providing a passive income stream. These metrics provide a snapshot of the company's valuation and income potential, helping investors make informed decisions about investing in CROMPTON on the NSE.

Fundamental and Technical information provided in this blog were last updated on 08 Jun, 2024

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