Crompton Greaves shares rise 4% to ₹204 on recovery bets
In short
Crompton Greaves Consumer Electricals shares rose 4% to ₹204. Choice Equity Broking said the stock could move back toward ₹230, with support seen at ₹190–₹200.
The note matters because other brokerages still have Buy calls with targets of ₹275–₹300. It is not stated what caused the rebound or whether the recovery will last.
What the reporting says
Crompton Greaves Consumer Electricals shares rose 4% to ₹204, with Choice Equity Broking saying the stock could recover toward ₹230. The brokerage pointed to support around ₹190–₹200 and improving technical indicators, while other brokerages kept Buy ratings with targets of ₹275–₹300. The reporting does not say whether the rebound was driven by company news or broader market moves.
Why it matters
Crompton Greaves Consumer Electricals shares rose 4% to ₹204 after recent losses, according to the market summary. Choice Equity Broking said support sits at ₹190–₹200 and sees room for a move toward ₹230, while other brokerages kept Buy ratings with higher targets of ₹275–₹300. The reporting does not identify any company event or new disclosure behind the move.