CG Power and Industrial Solutions Limited, formerly recognized as Crompton Greaves Limited, operates as a versatile Indian multinational enterprise specializing in the development, production, and promotion of power generation, transmission, distribution, and Rail Transportation solutions. Situated in Mumbai, it has been integrated into the Murugappa Group since 2020, subsequent to its acquisition from the Avantha Group. Notably, the company underwent a significant restructuring in 2016, post the separation of its consumer goods division.
Previous Close
541.40
TTM EPS
10.60
52 Week High
549.95
TTM PE
50.56
52 Week Low
276.65
P/B
187.40
Sector PE
100.55
Mkt Cap (Rs. Cr.)
81,857
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
CGPOWER gave a technical “Symmetrical triangle” pattern break-out on the higher-end and prices sustained above the breakout levels.
The counter closed on a firm note this week, forming a tall green candle stick pattern, and has outperformed the Benchmark index on an absolute basis.
The counter is trading above its 21, 50, and 100 EMA on the weekly chart confirming its overall performance.
The momentum oscillator RSI (14) has taken support near 50 levels. It is connected with a horizontal trend line on the weekly chart with a bullish crossover and the MACD indicator is reading above its line of polarity on the weekly scale.
Havells India Limited stands as a prominent Indian multinational enterprise specializing in electrical equipment, with its headquarters situated in Noida. Initially established by Haveli Ram Gandhi, it was subsequently acquired by Qimat Rai Gupta, who originally served as a distributor for the company. Havells is renowned for manufacturing a diverse array of products, including home appliances, lighting solutions catering to residential, commercial, and industrial sectors, LED lighting, fans, modular switches, wiring accessories, water heaters, circuit protection switchgear for both industrial and domestic use, cables and wires, induction motors, and capacitors, among others. Notably, the company boasts ownership of esteemed brands such as Havells, Lloyd, Crabtree, Standard Electric, Reo, and Promptec.
Previous Close
1485.05
TTM EPS
18.86
52 Week High
1591.35
TTM PE
77.90
52 Week Low
1131.80
P/B
15.33
Sector PE
54.04
Mkt Cap (Rs. Cr.)
92,075
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
HAVELLS on the monthly chart has given a triangle pattern breakout with above-average volumes. After the breakout, prices have completed the throwback near their trend line support and a breakout throwback is completed.
The counter is trading above all its 21, 50, and 100 WEMA, and the averages are slopped higher. Candlestick prices have formed a spinning top pattern near trend line support.
The momentum oscillator RSI (14) has also given an inverted head and shoulder pattern breakout above 60 levels suggesting an acceleration in the momentum. The MACD indicator is reading above its line of polarity.
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