22 Oct 2024

Crompton Greaves Consumer Electricals Rises After Launching ‘LED Star Premion’

Crompton Greaves Consumer Electricals is trading at Rs. 407.90, marking a gain of 3.15 points or 0.78% from its previous close of Rs. 404.75 on the BSE.

The stock opened at Rs. 402.50, with the day’s high and low being Rs. 412.00 and Rs. 402.00 respectively. A total of 26,039 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 2, reached a 52-week high of Rs. 483.65 on September 2, 2024, and a 52-week low of Rs. 262.10 on March 22, 2024.

In the past week, the stock peaked at Rs. 430.70, with a low of Rs. 402.00. The company's market capitalization currently stands at Rs. 26,457.23 crore.

Institutional investors hold 86.02%, while non-institutional investors own 13.98% of the company’s shares.

Crompton Greaves has introduced a new product, the ‘LED Star Premion’, in its B2C lighting category. Launched on October 19, 2024, this product is aimed at the domestic market. Previously, the company had launched the Ameo Pro Mixer Grinder.

Crompton Greaves manufactures a wide array of consumer products including fans, lighting solutions, pumps, and household appliances like geysers, mixer grinders, toasters, and irons.