For Quick Alerts
For Daily Alerts

Crompton Greaves down over 2% as Jefferies slashes its target price

By Religare
Crompton Greaves down over 2% as Jefferies slashes target
Shares of Mumbai-based electronic product manufacturer Crompton Greaves fell over 2 per cent in early trade on Bombay Stock Exchange (BSE) after brokerage firm Jefferies slashed its target price to Rs 75 from Rs 82, citing subdued margin profile and ROEs.

The brokerage firm, however, maintained its Underperform rating on the company.

Weighed down by development, shares of company declined as much 2.37 per cent to trade at Rs 84.40 a piece on the BSE.

In a similar fashion, shares of the company were trading at 84.65 a piece, down 1.86 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 19,140.74, down 82.54 points or 0.43 per cent at 10:05 hours.

Read more about: crompton greaves
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more