Crompton Greaves Stocks Consumer gains By Good Q3 results @ Trading Advices for Today

Crompton Greaves Consumer Electronics rallied 8% to Rs 185 on the BSE after the company reported a healthy 39% year on year (YoY) growth in standalone net profit at Rs 57 crore for the quarter ended December 2016 (Q3FY17) on back of strong operational performance.

Total income from operations of the company grew 9.8% YoY at Rs 889 crore, while total expenditure rose 8.5% at Rs 792 crore over the previous year quarter. Crompton Greaves Consumer Electronics said it was able to limit the impact of demonetization by undertaking a series of actions such as special incentives for channel partners, selective extension of credit to dealers, focused pricing action, and new product launches.

@Day Trader can Buy Crompton Greaves for Today trading Session.

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