Lack of clarity on business spooks Crompton Greaves investors

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Shares of the power equipment maker crashed 25% on Wednesday amid uncertainties over the local power industry, the company's overseas business and the listing of the demerged consumer entity. The unexpected resignation of CEO Laurent Demortier added to the chaos.Even though the power tool facility, the business left following the demerger, appears to be highly undervalued, investors are likely to avoid the stock. Brokers like Kotak Institutional Equities and Goldman Sachs have suspended rating the stock.

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