Buy Mid Cap Consumer Durables Sector Stock For Return Up To 63%: ICICI Securities

ICICI Securities has recommended investors to buy mid cap Consumer Durables sector stock, Crompton Greaves Consumer Electricals Ltd with a target price of Rs 495 apiece. If you buy Crompton Greaves Consumer Electricals now, you can get potential return of 63%. Check details below:

1. Crompton Greaves Consumer Electricals Stock Performance

The last trading price of Crompton Greaves Consumer Electricals is Rs 304.35 apiece on BSE with intraday gain of 1.23%. The stock's 52-week high is Rs 430.70 apiece and 52-week low is Rs 291.65 apiece, respectively. It has a market capitalisation of Rs 19,354.57 crore.

2. Crompton Greaves Consumer Electricals Return & Financial Performance

The stock fell 16% in last 3-months and 29% in last 1-year. It offered 8% return in last 3-years and 30% return in last 5-years. The company for the quarter ended December 31, 2022 declared Rs 1,537.51 crore, down 10.50% from last quarter total income of Rs 1717.80 crore.

3. Crompton Greaves Consumer Electricals About

It is one of the leading consumer companies in India with a 90+ years old brand legacy. As of February 2016, it is an independent company under professional management and has 2 business segments - Lighting and Electrical Consumer Durables. It markets its products under the "Crompton" brand name in India and select export markets, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.