Stocks to buy today: Select stock brokerages have come out with research reports on stocks namely AU Small Finance Bank, Redington India, Ashok Leyland and Crompton Greaves Consumer Electricals. Watch this Business Today Visual Story to check stocks to buy or sell on April 27, 2023.
Crompton Greaves shares: Nomura India said the stock is currently factoring in a significant weak outlook (revenue CAGR of 8 per cent, EBIT margin of 10 per cent), which makes risk-reward favourable.
Shares of Crompton Greaves Consumer Electricals Limited dropped over 10 per cent during early trade Tuesday, a day after its CEO resigned from his post.
Advent International exits Crompton; sells entire 5.36% stake for Rs 1,348 cr
SECTIONS
Last Updated: Jun 09, 2021, 11:31 PM IST
Share
Synopsis
The shares were offloaded on an average price of Rs 400.4 apiece, valuing the transaction at Rs 1,348.06 crore, data showed.
Getty Images
The shares were lapped up by over a dozen entities, including foreign investors, domestic mutual funds and insurance companies.
Related
Crompton Greaves Consumer Electricals for a little over Rs 1,348 crore through multiple open market transactions.
The shares were lapped up by over a dozen entities, including foreign investors, domestic mutual funds and insurance companies.
According to block deal data available with the BSE, Advent International Corp s Amalfiaco Ltd sold a total of 3,36,67,802 shares, amounting to a 5.36 per cent stake of Crompton.