Crompton Greaves went for business demerger
and created crompton greaves and CG consumer. CG consumer owns consumer
business which is into lighting and all. Listed at INR 131, company share
shooted upwards and reached to a level of INR 180 plus on the back of good
quarterly result. The realigned and more focused product line with decent
market share offer CG Consumer immense growth opportunity.
Being in the
consumer segment, the economy turnaround which is right at the corner will
benefit the organization more and it's margin will go up. In recent selloff of
market,CG Consumer came down to INR 161. It's the right time for long term
investor to start accumulating share in small quantity and should use every
market selloff as an opportunity for more buy. In my point of view, the
upcoming festive season in India will give another boost to company
profitability and also expecting that resigned strategy will enable company to
corner more market share. I don't recommend investor to play in F&O market.
Please consult your financial advisor before investing
0 comments:
Post a Comment