About Crompton Greaves:
Crompton Greave is in the
Electric Equipment sector. Crompton Greaves Limited (CG) is a pioneering
leader in the management and application of electrical energy, with a presence
in over 10 countries. CG is active in the global power transmission &
distribution (T&D) arena, and is amongst the world’s top ten transformer
manufacturers.
It is an Indian multinational company engaged in design, manufacturing, and
marketing of products related to power generation, transmission, and
distribution based in Mumbai. It is part of Avantha Group.
CG has 20 manufacturing
divisions spread across India. And with the acquisition of Pauwels (Belgium),
Ganz (Hungary), Microsol (Ireland), Sonomatra (France), MSE Power Systems
(USA), Power Technology Solutions (UK), three businesses in Nelco (INDIA),
Emotron (Sweden), QEI Inc. (USA) and ZIV Group (Spain), the company is emerging
as a first choice global supplier for high quality electrical equipment.
BSE Code for this stock is 500093 and the NSE Code for this stock is CROMPGREAV.
Latest announcement:
The Avantha Group has decided to sell the industrial division of Crompton Greaves and retain the consumer business, changing once again its strategy on the group flagship that manufactures transformers and switchgear to home appliances and electronic surveillance equipment.
Expected movement for this Month:
Buy:
Crompton Greave was last traded
at Rs 175.45. We can buy this stock at current market level.That is once Equity crosses 175.38 we can buy this stock and 175 is the strong support for this stock.My first target 179.82 and Exit target will be 180.94.So please buy 1 lot future when equity crosses 175.45 level and hold till expiry. Please exit at 180.
Sell:
Crompton Greave crosses the 170.99 we can short this stock. Please find below the table.My first target for sell is 166.66 and exit target for sell is 165.58. please short 1 lot of future when equity crosses the 170 level.Please exit at 165.58
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