Crompton Greaves sees selling by foreign fund

Shares of Crompton Greaves will remain in focus as Stichting Pensioenfonds ABP sold 44.31 lakh shares of at ₹125 apiece on the NSE on Friday. Shares of Crompton Greaves have already been under pressure after it reported weaker-than-expected quarterly numbers for October-December period. Currently 188 foreign institutional investors hold 18.17 per cent stake in the company. If others resort to selling, the stock of Crompton Greaves will see further fall.