Crompton Greaves share price soars 6% after Q4 numbers

Crompton Greaves share price in focus today: Crompton Greaves Consumer Electricals, one of India’s leading consumer companies, saw its shares surge 6% during early trade on Friday, May 16, hitting a two-week high of ₹346 apiece, following the company’s broadly in-line March quarter performance. Sluggish growth in the fans segment was offset by healthy demand for small appliances and Butterfly Gandhimathi Appliances. The company also announced its entry into the rooftop solar segment, aligning with its strategy to expand into adjacencies and grow its Total Addressable Market (TAM), currently estimated at ₹20,000 crore.