Crompton Greaves Ltd
CROMPGREAV

63.50

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

64.15

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

64.15

Open ()
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VWAP ()
Day's Vol
(shares)
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Reduce
Reco. Price
Rs 64.00
We recommend reduce on the stock. This is due to termination of share purchase agreement (SPA) for sale of overseas transmission & distribution business (T&D)-Perimeter. Further, no visibility on order backlogs is a key concern. The stock is trading at EV/EBITDA of 21x in FY17E. (Target Price- Rs.59)
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50 DMA (.)
65.16
100 DMA (.)
72.04
200 DMA (.)
70.57
Weekly Range (.)
62.85
65.95
Monthly Range (.)
55.60
65.95
52 Weeks Range (.)
38.74
88.90
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