Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business.

Crompton Greaves Consumer Electricals announces merger with Butterfly

Crompton Greaves Consumer Electricals Ltd. (Crompton) and Butterfly Gandhimathi Appliances Ltd (Butterfly) announced a merger on Saturday evening

Crompton and Butterfly announce merger

Butterfly Gandhimathi Appliances standalone net profit rises 29.15% in the December 2022 quarter

Butterfly Gandhimathi Appliances standalone net profit declines 1.33% in the September 2022 quarter

Shares to watch out for today: Adani Enterprises, Ceat, Butterfly Gandhimathi Appliances, Welspun Corp, Natco Pharma, Hatsun Agro Product, Bombay Dyeing ,V-Mart and more

Stocks in news: Adani Enterprises, Ceat, Natco Pharma, V-Mart and more

The floor price for the OFS is set at Rs 1,370 per equity share, a 8.67% discount to Butterfly Gandhimathi’s closing price of Rs 1,500.40 on Monday, 19 September 2022.

Butterfly Gandhimathi Appliances OFS opens for non-retail investors

Buzzing stocks: Adani Enterprises, Natco, Butterfly Gandhimathi Appliances, Ircon International, Hatsun Agro, Mishtaan Foods, Future Supply Chain, Eros International

Stocks that will see action on September 20

Crompton to offer up to 6% to Butterfly Gandhimathi Appliances

Urja Global Ltd, Ansal Housing Ltd, Butterfly Gandhimathi Appliances Ltd and Indo Amines Ltd are among the other gainers in the BSE’s ‘B’ group today, 22 July 2022.

Lasa Supergenerics Ltd leads gainers in ‘B’ group

Butterfly Gandhimathi Appliances standalone net profit rises 1293.68% in the June 2022 quarter

Butterfly Gandhimathi Appliances reports standalone net loss of Rs 19.38 crore in the March 2022 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Butterfly Gandhimathi Appliances Limited is a manufacturer of domestic kitchen and domestic electrical appliances. The Company is engaged in manufacturing LPG Stoves, Mixer Grinders, Table Top Wet Grinders and Pressure Cookers.