India, April 16 -- A Mumbai-based consumer electricals company has emerged as a high-conviction pick in the consumer durables space, with two prominent brokerages independently arriving at the same price target. Backed by a diversified product portfolio, improving realisations, and a renewed push into premium segments, the stock is attracting serious analyst attention at current levels.

With a market cap of Rs. At 15,979 Crore, the shares of Crompton Greaves Consumer Electricals Ltd. closed at Rs. 247.95 i.e. 3.80 percent higher from its previous closing price of Rs. 238.06 . The stock is trading at a P/E of 32.7, which is lower than industry's median P/E of 46.09.

Two Brokerages Back Crompton With Identical Targets Both HSBC and Motila...