Shares of Crompton Greaves increased 3.8% to 248.75

Shares of heavy electrical devices manufacturer Crompton Greaves increased 3.8% to 248.75 on news that the company has obtained Sweden founded Emotron Group for 57 mln euros.

The investment of Emotron, which makes electrical devices such as VFD [ variable frequency drives] will empower Crompton Greaves to expose latest Variable Frequeny Drives technical in India. Investors hope the investment will empower Crompton to tap into India’s $375 mln Variable Frequency Drives market.

Experts said such foreign buyouts will assist the company balance out the slowness in the local transmission and distribution market. Experts said a number of the capital goods firms have increased capability, but don’t have the essential control book flows to utilise this.

Crompton Greaves , Emotron Group, crompton greaves fans, crompton greaves pumps, crompton greaves ltd

Be Sociable, Share!
Tags: , , , ,

Stock Market Basics For Beginners

Why It Is Necessary To Review Your Mutual Fund Portfolio Year After Year

Why It Is Necessary To Review Your Mutual Fund Portfolio Year After Year A lot of Indian investors buy Mutual funds looking at just one factor that is past returns. Yes, it is one of the important ...…

SEBI’s Role in an IPO Issue

SEBI’s Role in an IPO Issue Any firm doing a public issue or a listed firm building a rights issue of value of greater than Rs 50 lakh is needed to ...…

Cut Off Price Meaning

Cut Off Price Meaning In the Book building issue, the issuer is needed to show either the floor price or price band in the red herring prospectus. The actual ...…

Term Follow On Offering

Term Follow On Offering An selling of more shares after a firm has had an IPO. several times the firm is strapped for funds. Therefore they need to release ...…

Advance Decline Index

Advance Decline Index A helpful instrument for discovering trend (bullish or bearish) in the share market  in which one divides the number of traded stocks that have increased ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV