1 week ago
Elara Sees 67% Upside in Crompton Greaves Shares
Crompton Greaves makes consumer electrical products.
Its shares closed at Rs 244.95 on Tuesday.
Elara Capital believes the shares could rise to Rs 410.
That would be a possible gain of about 67%.
The company is trying to sell more premium products.
It launched a new premium brand called Rhion.
It also plans to introduce products with smart features.
The company wants smart products to make up 20% of its revenue by FY31.
It is also changing how it sells and markets its products.
Elara expects these efforts to help the company’s profits and margins.
Elara Capital set a target price of Rs 410 for Crompton Greaves Consumer Electricals.
The target implies a 67.38% upside from the closing price of Rs 244.95.
Crompton Greaves launched the Rhion series as a distinct premium brand.
Management aims for smart products to contribute 20% of revenue by FY31.
Elara cited the company’s consumer franchise, market leadership and Butterfly expansion as growth supports.
- Who
- Crompton Greaves Consumer Electricals and Elara Capital.
- What
- Elara Capital gave Crompton Greaves a Rs 410 target price, implying 67.38% upside from its closing price.
- Where
- The specific location was not stated.
- When
- The shares closed on Tuesday; the articles do not specify the date.
- Why
- Elara cited premiumisation, smart-product innovation, Butterfly expansion, new segments, market leadership and operational improvements as potential growth and margin drivers.
Key facts
- Company
- Crompton Greaves Consumer Electricals Ltd
- Closing price
- Rs 244.95
- Elara Capital target
- Rs 410
- Implied upside
- 67.38%
- Premium brand
- Rhion series
- Smart-products target
- 20% of revenue by FY31
- Transformation areas
- Go-to-market architecture, marketing strategy and operational efficiency
Sources
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