Friday, 15 June 2018
Is CG POWER On the Cusp of Turnaround after Hitting 2-Year Low? | Huntin...
#HuntingForValue | Conglomerate Avantha Group's Crompton Greaves (CG) Power has had a tumultous journey over the last few years.
The Mumbai-based firm, one of the victims of 2008 economic downturn, saw some of its profitable international businesses reporting losses. Over the last 2-3 years, the management has announced restructuring of loss making units and streamlined the balance sheet.
However, given the delay in resolution, the stock seems to have lost investors’ interest. Shares in the industrial goods maker are currently trading near its 2-year lows.