CG Power surged to a record high of Rs 887.5 on May 26, 2026, demonstrating robust growth and strong investor faith in the heavy electrical sector.
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The BSE 100 undergoes changes with the addition of Paytm, Ashok Leyland, and CG Power, while Ambuja, Tube Investments, and Colgate-Palmolive are now no longer part of this index.
CG Power recorded a significant block deal on the NSE, totaling approximately $25 million (Rs. 18.35 crore) for 217,962 shares, with each share traded at Rs. 841.95.
Axis Direct suggests a 'Buy' on Amber Enterprises, Apollo Hospitals, and CG Power due to favorable technical patterns. Investors could potentially see returns of up to 12.7%, 5.2%, and 19% respectively. The recommended buy levels for these stocks are around ₹8,526-₹8,700, ₹7,890-₹8,050, and ₹854-₹870. (Business Standard)
CG Power reaches a new record high of Rs. 874.2 on May 8, 2026, fueled by robust financials and consistent market growth momentum.
CG Power's impressive 42% rise over the past year is attributed to a substantial order book of Rs 17,100 crores. Motilal Oswal acknowledges this growth and raises their target price on the company, recognizing its promising future potential.
CG Power bolsters its semiconductor sector by investing in startups through Axiro, aiming to enhance AI and OSAT capabilities. The Sanand G1 OSAT facility already produces 0.5 million units daily, with plans for the G2 plant to reach 14.5 million units per day by 2026, contributing significantly to growth.
CG Power's CEO outlined expectations for growth in the upcoming fiscal year (FY27) and detailed their capital expenditure plans during a recent interview. The CEO also identified key factors contributing to the company's projected results.
Investment firms remain positive about CG Power following Q4 earnings, keeping their Buy recommendations. New price targets, supported by optimistic outlooks, have been issued.
Today's market showed signs of volatility amid a decrease in crude prices and a stronger Indian Rupee. Notably, Hero Moto, CG Power, Polycab, and Paytm experienced significant increases, indicating investor confidence in these stocks.
Jefferies predicts a higher target of ₹745 for CG Power, driven by robust performance in the power segment and export potential. However, recent EBITDA shortfall due to semiconductor losses and weak industrial margins could pose profitability challenges.
CG Power experiences a surge, nearing its highest recorded value, as power revenue jumps 50% and profits remain strong at 24%. Meanwhile, industrial revenues increase by 12% year-on-year, although profit margins face some strain. The CEO remains optimistic about future growth.
CG Power experiences a significant sales increase of 21.25% in their fiscal year 2026, marking a new record for the company. They've also expanded their capacity and semiconductor operations to accommodate growth.
CG Power's Q4 performance outperformed expectations, with a 11% increase in orders and EBITDA that surpassed estimates. This suggests strong execution from the company.
CG Power has scheduled its 89th Annual General Meeting (AGM) for July 24, 2026, which will be held through a video conference call. Shareholders are advised to mark their calendars accordingly.
CG Power reports a significant increase in Q4 EBITDA, reaching 4.7 billion compared to last year, resulting in improved margins of 13.6%. This suggests stronger earnings for the company during this quarter.
CG Power has announced a stronger-than-expected Q4 net profit of ₹365.5 crore, marking a significant jump from the projected ₹333.8 crore. The impressive results indicate a robust performance for the company in the final quarter of the fiscal year.
ICICI Securities advises investing in Mankind Pharma, CG Power, and ABB for potential quick profits, according to Jay Thakkar. Meanwhile, the Nifty 50 is experiencing support and resistance levels between 23,300 and 24,300, while BankNifty remains within a range of 53,000-56,000 due to ongoing geopolitical tensions.
CG Power anticipates sharing their Q4 results soon, as they recently discussed their upcoming financial outlook during a conversation on AwaazMarket. Stay tuned for more updates on CG Power's Q4 performance.
The Nifty index is holding close to its 50-day moving average, with support at 23,800 and resistance at 24,600. HDFC Securities advises investors to consider L&T Finance and CG Power for potential short-term profits, with projected targets of ₹300 and ₹860 respectively.
CG Power has seen a notable surge of 30% over the past month, demonstrating significant positive momentum. Analyst predictions indicate the stock could potentially reach ₹900, suggesting further growth ahead.
CG Power will announce their fiscal year 2026 results during a board meeting on May 6. The trading window for the company will remain closed until May 8 due to insider trading regulations, as per SEBI guidelines.
The Indian Transmission & Distribution (T&D) sector is expected to experience significant growth due to a projected ₹9 trillion investment, boosted by renewable energy targets and increasing export demand. Siemens Energy and CG Power stand out as top choices within the sector, thanks to their capacity expansion plans, strong order books, and favorable profitability trends.
CG Power is currently reviewing a significant tax demand of INR 188.8 crore, with approximately INR 21.4 crore being disallowed in previous payments. The company has already paid INR 4.9 crore, and the remainder is yet to be settled. Legal proceedings are underway as they challenge this decision.
India is set to launch Semiconductor Mission 2.0 by May, with a budget of approximately $16 billion. The Finance Ministry is expected to soon give its approval, which could significantly bolster the country's efforts in chip design and manufacturing.
Motilal Oswal has expressed optimism towards CG Power, Atlanta Electricals, and GE Vernova T&D India due to their promising growth potential. Meanwhile, Hitachi Energy's rating has been adjusted to Neutral at ₹27,000, while Siemens Energy maintains a Buy stance, both adjustments are made considering challenges in the T&D sector.
The BSE Capital Goods index experienced a significant surge of 20% in April, outpacing the Sensex's 9.6% rise. Notable stocks like BHEL, Siemens, and CG Power saw gains between 2-5%. Analysts at MOFSL and Mirae Asset predict a strong growth period for investments in Transmission & Distribution (T&D) until FY28, driven by robust domestic demand, exports, and supportive government policies.
Analysts are optimistic about SBI, ICICI Bank, BHEL, PolicyBazaar, and CG Power, predicting a substantial growth. SBI and ICICI Bank are projected to reach Rs 1,140 and Rs 1,400 respectively, while BHEL, PolicyBazaar, and CG Power could touch Rs 330, Rs 1,870, and Rs 920 due to strong fundamentals, government support, and technological advancements.
CG Power shares have risen by 3%, potentially due to investors seeking opportunities amidst Nifty's current stagnation below the 24,400 mark.
Motilal Oswal is optimistic about the future of companies like CG Power and GE Vernova in the transmission and distribution sector, signaling a potential rise for these stocks.
Analysts suggest maintaining current investments in Waaree Renewable, HAL, and MTAR Tech, but advise waiting for price drops in CG Power and other stocks before considering new purchases.
CG Power completed a block trade worth INR 25.81 crore on the NSE, trading at approximately INR 758.50 per share, representing the exchange of over 340,000 shares.
By FY27, power demand is expected to surge by 6%, following a low growth of less than 1.5% for 21 months. This potential increase might bring opportunities for CG Power, as predicted by Axis Capital's Sumit Kishore, due to their capacity expansion plans.
Axiro, a subsidiary of CG Power focusing on IC design, has invested in AI chip startup EdgeCortix, aiming to accelerate the development of advanced artificial intelligence solutions. The investment is supported by MPower Partners, who prioritize growth with an emphasis on environmental, social, and governance (ESG) factors.
CG Power has announced a restructuring of its top leadership, according to a recent company update. It's important to note that these decisions were made internally and not influenced by journalists, as per Business Standard's report.
CG Power has announced the sale of its Indonesian unit, PT Crompton Prima Switchgear Indonesia, effectively ending its subsidiary status within the company. This move marks a shift in CG International Holdings' portfolio.