Why Jefferies Has Retained A Buy On Crompton Greaves - Qoneqt
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    Vikshita Vitthal Gujaran in News

    15-Mar-2023 11:41 AM


    Why Jefferies Has Retained A 'Buy' On Crompton Greaves

    #Crompton Greaves Consumer Electricals Ltd. volumes are expected to rise due to a strong summer, leading to faster liquidation of inventory, according to Jefferies.
    The new Bureau of Energy Efficiency norms have effected fans and air-conditioners from January 2023.
    December-January, and trade channels are likely to align to the new BEE compliant inventory by end of the fourth quarter.
    Apart from this, the key categories of Crompton's equipment (fans, pumps, lighting) have witnessed 20-30% improvement in spontaneous brand recall over the last six years, driven by the company's go-to-market strategy.
    The India Meteorological Department has forecasted a hot summer (March-May) in the country with “above normal” temperatures in most parts of North-East, East, Central India, and some parts of North-West India.
    The return potential of the stock is 29.9%.

    Source -https://www.bqprime.com/markets/why-jefferies-has-retained-a-buy-on-crompton-greaves