Stock Market Analyst Sudarshan Sukhani has suggested investors to accumulate Crompton Greaves on decline. Mr. Sukhani of s2analytics. com has suggested investors to enter the stock at every correction.

He believes that Crompton Greaves will soon be showing uptrend. The stock has touched 52-week high of Rs 296 and a 52-week low of Rs 107 on NSE.

At current price of Rs 148, the stock is trading with P/E ratio of 16.

The company reported rise of 26% in net sales during third quarter. However, the net profit was down by nearly 67% at Rs 77 crore compared to Rs 233 crore during the corresponding quarter of previous year.

Religare has recommended bullish outlook for Crompton Greaves after the last quarterly results. Suhas Harinarayanan, Co-Head of Research, Religare Capital Markets suggested that investors can expect the company to perform better in next results.