5 days ago
Investec Sticks to Their Buy Rating for Crompton Greaves Consumer Electricals Ltd. (CROMPTON)
In a report released today, Aditya Bhartia from Investec maintained a Buy rating on Crompton Greaves Consumer Electricals Ltd., with a price target of INR460.00. The company's shares closed last Friday at INR319.70.
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According to TipRanks, Bhartia is an analyst with an average return of -0.7% and a 50.00% success rate. Bhartia covers the Consumer Goods sector, focusing on stocks such as Asian Paints Ltd., Crompton Greaves Consumer Electricals Ltd., and Polycab India Ltd..
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crompton Greaves Consumer Electricals Ltd. with a INR415.60 average price target, representing a 30.00% upside. In a report released on August 8, ICICI Securities also maintained a Buy rating on the stock with a INR380.00 price target.
Based on Crompton Greaves Consumer Electricals Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR20.61 billion and a net profit of INR1.69 billion. In comparison, last year the company earned a revenue of INR19.61 billion and had a net profit of INR1.38 billion
