Crompton Greaves Falling?Technical (upgrade)
Crompton Greaves Consumer Electricals has been sliding inside a falling wedge, but price is trying to base around ₹248-252 (teal support on your chart). A daily close above ~₹260–262 (wedge top/near-term trendline) would confirm a breakout and set up a move toward ₹275 first and ₹300 next If price fails and closes back below ₹248, treat it as a false start and expect the downtrend to resume keep risk tight in that zone.
Fundamentals (quick, clean)
Latest print showed mixed trends—Q2 FY26 consolidated revenue ~₹1,915.6 cr, PAT ~₹75.4 cr, with margin pressure; the quarter also carried an exceptional ₹20.36 cr charge for the Vadodara plant restructuring. Butterfly (kitchen appliances) grew double‑digits YoY and lighting rose ~3% YoY, partly offsetting weakness in electric consumer durables. The company fully repaid its ₹300 cr NCDs in Jul‑2025 and said it is net‑cash/zero‑debt, which is a positive for flexibility. Valuation and efficiency are mid‑pack for consumer durables (P/E ~34–35; P/B ~4.3–4.9; ROE ~13–15%; ROCE ~15–19%). Net‑net: fundamentals are stable but margins need rebuilding—if your chart gets the ₹260–₹262 breakout, technicals can align with a gradual recovery story.
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Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
