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Mumbai: Crompton Greaves Consumer Electricals Ltd. has appointed Pragya Bijalwan as its new chief marketing officer. Bringing with her a rich experience of more than 16 years across the fuel, oil, and paints industry, she will be leading the marketing, advertising, and overall communication initiatives of the company. ....
Crompton Greaves Consumer Electrical Ltd clocked volume of 401.43 lakh shares by 10:48 IST on BSE, a 460.57 times surge over two-week average daily volume of 87159 shares The Ramco Cements Ltd, Britannia Industries Ltd, AAVAS Financiers Ltd, Torrent Pharmaceuticals Ltd are among the other stocks to see a surge in volumes on BSE today, 09 February 2021. Crompton Greaves Consumer Electrical Ltd clocked volume of 401.43 lakh shares by 10:48 IST on BSE, a 460.57 times surge over two-week average daily volume of 87159 shares. The stock lost 0.38% to Rs.406.95. Volumes stood at 1.09 lakh shares in the last session. The Ramco Cements Ltd registered volume of 1.97 lakh shares by 10:48 IST on BSE, a 3.27 fold spurt over two-week average daily volume of 60280 shares. The stock slipped 0.04% to Rs.930.00. Volumes stood at 92920 shares in the last session. ....
Image credit: Polycab via Facebook Synopsis Polycab India managed to beat analysts’ expectations in the September quarter. While analysts felt that the stock had peaked, with some brokerages recommending a ‘sell’, it kept rising. But low operating margins and demand headwinds call for caution. Is the rise due to the present liquidity-driven rally in the market, or should investors sell the stock as valuations are high? In October 2020, brokerage firms got worked up about the valuations of fast-moving electronics goods (FMEG) companies. The segment was hit by the pandemic due to tepid real-estate sales. Shares of even the larger players were trading at price-to-earnings (P/E) multiples of 50x-100x. In a market dominated by large consumer brands like Crompton Greaves and Havells India, questions were raised about the recovery of smaller players. Polycab India, a ....