India's Crompton Greaves rises on block deals

CG Power and Industrial Solutions

02/04/2024 09:40

** Shares of Crompton Greaves Consumer Electricals  CROP.NS 
up 4.2% at 281.35 rupees; earlier in the session stock rose as
much as 4.8%
    ** About 1.9 mln shares changed hands in three blocks priced
between 279.30 rupees/share to 280.40 rupees/share - LSEG
    ** Stock on track for a third consecutive session of gain,
if trend holds
    ** Trading vol 2.4x 30-day daily avg    
    ** Avg rating of 31 analysts equivalent of "buy", median PT
is 322.50 rupees - LSEG data
    ** Among peers Havells India  HVEL.NS , Polycab India
 POLC.NS  are rated "buy", while Voltas  VOLT.NS  is a "hold" -
LSEG
    ** CROP fell 14% in March qtr, after two straight quarterly
gains




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))