Page 3 - Crompton Greaves

Crompton Greaves' shares tanks 70% on demerger

Shareholders will receive equity in the resultant company, Crompton Greaves Consumer Electricals, in 1:1 ratio

Major relief for Crompton Greaves

The company has sealed a deal to sell its ailing international power business, which will help cut debt

Crompton Greaves to sell foreign T&D business

The company will sell its transmission and distribution business to a US private equity fund for about Rs 851 crore

Crompton Greaves rallies on sale of overseas businesses

The stock rallied 9% to Rs 152 on the BSE.

Re-rating for Crompton Greaves' consumer biz

Focus on brand building, expansion of product basket and channels will aid earnings growth going forward

Contra buying emerges in Crompton Greaves

While a lot of brokers have given a 'sell' call on Crompton Greaves after its results on February 3, there seem to be several contrarian investors getting into the stock as well. The stock, which fell 21.7 per cent on results day, the highest since 2001, slipped only 1.03 per cent in the following 17 trading sessions. Market sources say after an institutional investor dumped the stock, buyers have emerged to lap it up at lower levels.Hedge funds short rupee in offshore marketWhile many domestic investors might be waiting for the Union Budget 2016-17 to get clues about the mood of foreign investors, market people say several hedge funds have already taken a bearish bet on the rupee in global markets. The target: Rs 70 a dollar. Their main worry is that even if the Budget is favourable, China is expected to devalue its currency further, as its efforts to stabilise the market by pumping in liquidity haven't worked so far.IPO-bound firm eyes Budget for a boostAhmedabad-based online retaile

Crompton Greaves bounces back on heavy volumes

The stock moved higher by 4% to Rs 140, bouncing back 8% from intra-day low of Rs 130 on the BSE.