Crompton Greaves Consumer Electricals Ltd.'s share price rose as Jefferies and CLSA showed optimism after robust Q4 earnings.
The company's consolidated net profit surged 23% in the quarter ended March 31, reaching Rs 169 crore.
Jefferies reiterated a 'buy' rating with a target price of Rs 485, while CLSA upgraded its target from Rs 405 to Rs 410. Both firms highlighted strong margin recovery and improved growth visibility.
Crompton Greaves share price reached Rs 346 apiece, rising by 5.68%. Analysts maintain positive ratings with an average consensus target suggesting a 24.7% upside.