Crompton Greaves Consumer Electricals

CROMPTON (₹215.66, 06-Nov-2026) is exhibiting a sharp short-term bounce within a persistent medium-to-long-term downtrend. The stock surged +4.4% on the day with volume 2.91x its average, following an upward gap on 05-Nov. This move has lifted price above the daily 20-period EMA and SMA, but it remains below the 50-period EMA, 200-period SMA, and the daily Supertrend, which continues to signal bearish control. On higher timeframes, the monthly ADX of 68.59 confirms a strong established downtrend, while the weekly trend is also bearish with price below all key moving averages.

The rally is technically a counter-trend correction rather than a reversal, as evidenced by the price being near the upper end of its 20-day range (+79.9%) but still down -42.5% from its available high. Support is immediate at ₹214.35 (-0.61%), with further levels at ₹211.98 and ₹209.25. Resistance lies significantly higher at ₹257.31 (+19.31%). Annualized volatility is elevated at +29.5%, and the stock carries a current drawdown of -42.5%. A sustained break above the daily Supertrend and the 50-period EMA would be required to challenge the prevailing bearish structure.

Crompton Greaves Consumer Electricals Limited reported strong operational momentum in Q2 FY27, with consolidated revenue rising 18.2% year-over-year to ₹2,263 crores and EBITDA expanding 24.1% to ₹205 crores. This growth was accompanied by a 40 basis point improvement in EBITDA margins to 9%. To support this expansion, the company launched new products in October 2026, including a 5.9L Instant Water Heater featuring anti-scale technology for hard water and the 'Ameo Chop’N’Peel' kitchen appliance priced at ₹2,999. On the regulatory front, Crompton disclosed a consumer dispute order from the Fatehpur District Commission requiring the replacement of a submersible pump and a payment of ₹15,000 in compensation and litigation costs. The company stated this has no material impact on its financial activities.

Crompton Greaves Consumer Electricals reported a sharp revenue recovery in Q2 FY2026-27, with sales rising 18% year-on-year to ₹1,932 crore. However, earnings quality deteriorated significantly as net profit fell to ₹110 crore from ₹70 crore in the prior year but remained well below the ₹123 crore recorded in Sep 2024, resulting in an EPS decline to ₹1.71 from ₹1.92. The core operating challenge is evident in the annual data: while sales grew modestly (TTM +12%), compounded profit growth has been negative (-9% over 3 years), and TTM net profit turned deeply negative (-₹188 crore) due to a massive -₹675 crore hit in 'Other Income' in Mar 2026. Balance sheet health shows mixed signals; borrowings decreased substantially from ₹466 crore (Mar 2025) to ₹199 crore (Sep 2026), yet current liabilities surged to ₹2,262 crore against a cash position of only ₹17.9 crore. Institutional ownership shifted notably, with DIIs increasing their stake to 65.8% while FIIs reduced theirs to 19.21%.

Crompton Greaves Consumer Electricals exhibits significant technical deterioration and underperformance as of November 6, 2026. The stock is trading at ₹215.66, well below its recent high of ₹257.31, reflecting a current drawdown of -42.5% from its peak. Technical indicators across daily, weekly, and monthly timeframes are uniformly bearish; the Supertrend direction is negative on all three horizons, and moving averages (SMA 20 and SMA 50) show steep downward slopes (-1.11 and -4.39 respectively on the daily chart). The stock has lost -22.6% over the past year and -24.1% over the last six months, with year-to-date returns at -13.5%. Volatility remains elevated, with annualized volatility at +29.5% and an average true range (ATR) of 3.78%, indicating persistent price instability. While immediate support exists near ₹214.35, the broader trend structure suggests continued pressure.