Crompton Greaves Share Price Tanks 9% Intraday

Crompton Greaves is part of Avantha Group. It is an Indian multinational company occupied in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai. Over the years, the company has evolved into one of India's largest private sector enterprises.

Today, Crompton greaves share price tanked 9 per cent intraday today and traded at the morning intraday low of Rs. 69. The stock had opened at Rs. 76.95, a tad higher than its previous close of Rs. 76.30.

The realty-household stock has declined almost 16 per cent since 8^th November 2016, post announcement of Demonetization. The turnover of the company is Rs. 5.22 crores and has the market cap of Rs. 4782.07 crores as on 5^th December 2016. The shares of face value of Rs. 2 have the book value of Rs.73.35.

Crompton Greaves share price had traded at a lifetime high of Rs 349.00 on 2^nd December 2010 and a 52 week high of Rs 203.80 on 5^th January 2016. The 52 week low of the stock stands at Rs. 40.30 at which it traded on 15^thMarch 2016 while its lifetime low is Rs 1.46 made on 29^th June 2001. The company has the promoters holding pledge of 58.73 per cent.

At 10:11 Am, Crompton greaves share price is trading at Rs. 70.15, down by 8.06%. So far, around 80 lakh shares have been traded at the NSE trading counter.

Crompton Greaves is one of the top 500 Shares as identified by Dynamic Levels Research Analysts for the current quarter out of the 1700 Shares that are listed at the NSE. The company has strong fundamentals and financials, the ones that can be banked upon. By strong Fundamentals Dynamic Levels means that Crompton Greaves has not posted any losses in the last 2 quarters, debt equity is less than 2 and pledge is less than 25 per cent (not applied for Realty and NBFC).