Crompton Greaves Consumer Electrical Ltd reaches 52-week high, experts give 'Buy' call

Crompton Greaves Consumer Electrical Ltd (CGCEL) has been making waves in the consumer electronics industry with its recent performance. The company's stock price has reached a 52-week high on July 24, 2024, and experts at MarketsMOJO have given it a 'Buy' call.

The stock has been on a positive trajectory, outperforming the sector by 2.36% today. It touched an intraday high of Rs 444.4, showing a 3.25% increase. This is a significant achievement for the company, especially in the current market conditions.

CGCEL's moving averages also indicate a strong performance, with the stock trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This shows a consistent upward trend in the company's stock price.

In the past year, CGCEL has shown an impressive growth of 51.85%, outperforming the Sensex's performance of 20.79%. This is a testament to the company's strong financials and market position.

With its consistent growth and positive performance, Crompton Greaves Consumer Electrical Ltd is definitely a company to watch out for in the consumer electronics industry. Investors can consider adding this largecap company to their portfolio for potential long-term gains.