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Crompton Greaves shares rebound 4% after recent losses: Can the beaten-down stock sustain its recovery?

Mint ·First reported
MintCrompton Greaves shares rebound 4% after recent losses: Can the beaten-down stock sustain its recovery?
Image: Mint

Crompton Greaves Consumer Electricals shares rose 4% to ₹204. Choice Equity Broking sees scope for a recovery toward ₹230, citing support at ₹190– ₹200 and improving technical indicators. Other brokerages maintain Buy ratings with targets of ₹275– ₹300.

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