News

Neutral Crompton Greaves CE Ltd For Target Rs.302 - Yes Securities Facing growth challenges in the near term; downgrade to Neutral Our interaction with Crompton dealers/distributors hint at near-term growth issues for the company amid sluggish demand for Fans and Lighting. For Fans, lower-thenexpected demand in April & May caused higher-than-normal inventory. Dealers reckon inventory to be setteled by July end to mid-August. In case of Lighting, demand is muted and is expected to remain so in the near future. Dealers are pinning hopes on the festive s...
Neutral Crompton Greaves CE Ltd For Target Rs.302 - Yes Securities
Neutral Crompton Greaves CE Ltd For Target Rs.302 - Yes Securities
Source: Yes Securities Ltd
23/06/2023 3:41:58 PM
Crompton Greaves Consumer gets nod to raise Rs 325 crore through NCDs Crompton Greaves Consumer has received approval to raise Rs 325 crore through issuance of listed, secured, rated, redeemable, Non-Convertible Debenture (NCDs) having face value of Rs 10 lakh each on Private Placement basis. The Committee of Debentures of the Company at its meeting held on July 4, 2022 has approved the same. Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household...
Crompton Greaves Consumer gets nod to raise Rs 325 crore through NCDs
Crompton Greaves Consumer gets nod to raise Rs 325 crore through NCDs
Source: Accord Fintech
6/07/2022 9:48:23 AM
Buy Crompton Greaves CE Ltd For Target Rs. 511 - Yes Securities Positive outlook maintained on non‐pumps growth and Butterfly synergies; maintain BUY Result Synopsis Crompton’s Q4 performance has been marginally below expectations with ECD registering growth of 3.2%; Ex pumps growth has been in high single digits. Lighting revenue decline is on account of slowdown in B2G business. Crompton has been able to navigate high commodity prices much better than its peers. Aggressive cost savings initiatives are now bearing fruits. CROMPTON continues t...
Buy Crompton Greaves CE Ltd For Target Rs. 511 - Yes Securities
Buy Crompton Greaves CE Ltd For Target Rs. 511 - Yes Securities
Source: Yes Securities Ltd
31/05/2022 10:55:31 AM
Buy Crompton Greaves Ltd For Target Rs.505 - Motilal Oswal Financial Acquires Butterfly Gandhimati Appliances Forays into small Domestic Appliances; diversifies its product portfolio Transaction details: a) Crompton has entered into a share purchase agreement with the promoter group of Butterfly Gandhimathi Appliances (Butterfly) to acquire up to 55% stake at INR1,403/share, aggregating to INR13.8b. b) It will also acquire the trademarks relating to the Butterfly brand from various promoter owned entities for INR303.8m. c) It will make the mandatory open...
Buy Crompton Greaves Ltd For Target Rs.505 - Motilal Oswal Financial
Buy Crompton Greaves Ltd For Target Rs.505 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
10/03/2022 9:55:56 AM
Buy Crompton Greaves CE Ltd For Target Rs. 566 - Yes Securities Growth momentum continues in focus segments with stable margins; maintain BUY Result Synopsis ECD (ex‐pumps) and B2C LED lighting continued to deliver double‐ digit revenue growth. Most of this growth was value‐led (a combination of price hikes and premium sales mix) as the company has increased prices of the products in the range of 16‐18% in 4‐5 tranches over the past year. Unlike industry peers, the company has been able to maintain its gross margins as product mix has moved sig...
Buy Crompton Greaves CE Ltd For Target Rs. 566 - Yes Securities
Buy Crompton Greaves CE Ltd For Target Rs. 566 - Yes Securities
Source: Yes Securities Ltd
2/02/2022 9:30:35 AM