CG Power surges 4% in weak market, hits new high on strong biz outlook

Shares of CG Power and Industrial Solutions hit a new high of Rs 429.80, surging 4 per cent on the BSE in Friday’s intra-day trade, in an otherwise a weak market, on a robust and promising business outlook. In comparison, the S&P BSE Sensex was down 0.40 per cent at 64,894 at 11:32 AM.

Thus far in the calendar year 2023, the stock has rallied 59 per cent as compared to 6 per cent rise in the benchmark index. It has skyrocketed 9,243 per cent from a level of Rs 4.6 touched in March 2020.