Crompton Share Price Dipped 4% Intraday On Monday

Crompton Greaves Consumer Electricals Ltd has been given the approval of the BSE Limited for reclassification of shares held by the entities Avantha Holdings Limited, Varun Prakashan Private Limited and Avantha Realty Limited from "Promoter Category" to "Public Category" under Regulation 31A of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.

At 2.10 PM, the stock is trading at Rs. 142, down by 4 per cent. It touched the day’s high and low at Rs. 148.60 and Rs. 141.05, respectively. Till now, 12,13,228 shares were traded in the counter with a traded value of Rs. 1,752.51 lacs, as per NSE.

Crompton share price met its yearly high value at Rs. 191.35 ON 25^TH Oct ‘16 whereas the 52 week low value is seen at Rs. 125.00 on 13^th May ‘16. The company has a market map of Rs. 9332.25 (Cr) (as on 12^th Dec’ 16) and has a book value of 3.65. The average daily movement of the stock is 7.77 and the average volume for 20 days is seen at 843363.

Also, Crompton, India’s leading supplier of consumer electrical goods, lighting and lighting automation systems has partnered with Gooee, the UK based creator of the world’s first full-stack operating platform connecting lighting manufacturers and their customers to the IoT (Internet Of Things).

With this partnership Crompton brings forth its plan to enter into the world of IoT and connected lighting in big way. All the Gooee features and scalability along with Crompton’s design and execution capability will bring wonderful products and solutions to its customers with exciting features.

Crompton is a multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Crompton share price history.