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Bloomberg Quint

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Crompton Greaves Share Price Rises As Jefferies, CLSA Bullish After Robust Q4 Earnings

  • 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.

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