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Buy CG Consumer, price target Rs 310: Arun Kumar

The analyst suggested a stoploss at Rs 281.

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Last Updated: Feb 18, 2020, 09.01 AM IST
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Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 18230.35 Crore) operating in Consumer Durables sector. 
Arun Kumar of Reliance Securities has a buy call on Crompton Greaves Consumer Electricals Ltd. with a target price of Rs 310.0 . The current price of Crompton Greaves Consumer Electricals Ltd. is Rs 290.65 . Arun Kumar recommended to keep a stoploss at Rs 281 .

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 18230.35 Crore) operating in Consumer Durables sector.

Crompton Greaves Consumer Electricals Ltd. key Products/Revenue Segments include Electrical Consumer Durables which contributed Rs 3200.35 Crore to Sales Value (71.45 % of Total Sales), Lighting Products which contributed Rs 1261.95 Crore to Sales Value (28.17 % of Total Sales), Scrap which contributed Rs 8.23 Crore to Sales Value (0.18 % of Total Sales), Export Incentives which contributed Rs 6.80 Crore to Sales Value (0.15 % of Total Sales) and Sale of services which contributed Rs 1.58 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1071.29 Crore, down -.42 % from last quarter Sales of Rs 1075.79 Crore and up 3.98 % from last year same quarter Sales of Rs 1030.31 Crore Company has reported net profit after tax of Rs 160.97 Crore in latest quarter.

The company’s top management includes Mr.D Sundaram, Mr.Hemant Madhusudan Nerurkar, Mr.P M Murty, Mr.Promeet Ghosh, Mr.Sahil Dalal, Mr.Shantanu Khosla, Ms.Shweta Jalan. Company has Sharp & Tannan as its auditors As on 31-12-2019, the company has a total of 627,227,072 shares outstanding.

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