CG Power Share Price Target Forecast 2022, 2023, 2025, 2030

28 October, 2021

What should investors do with CG Power Share Price Target if they want to buy, sell, or hold?

Profit Taking with CG Power

Santosh Meena, Swastika Investmart Ltd’s Head of Research, has recommended this stock.

Despite the fact that most momentum indicators are overbought, the counter is rising vertically and maintaining its strong bullish momentum.

It has broken the multi-month obstacle of 122, but 160-170 is an immediate trendline resistance region where profit booking is expected to occur, unless the momentum continues into the 200 level. On the downside, the initial demand zone will be 130-125, with 95-90 being the major demand zone on any substantial fall. is the source for this information.

22 October, 2021

CG Power & Industrial Solutions declares a standalone net profit of Rs 93.67 crore for the second quarter.

For the quarter ended September 30, 2021, CG Power and Industrial Solutions Limited, a subsidiary of the Murugappa Group, declared a standalone net profit of Rs 93.67 crore. CG Power and Industrial Solutions posted a net loss of Rs 134.90 crore in the same quarter last year, according to a corporate statement released here on Friday. The standalone profit for the six-month period ending September 30, 2021 was Rs 138.19 crore, compared to Rs 556.65 crore in the previous financial year’s similar period.

For the quarter under review, standalone total income grew to Rs 1,367.01 crore, up from Rs 575.17 crore a year earlier. The standalone total income for the six-month period was Rs 2,335.60 crore, up from Rs 818.86 crore in the previous fiscal’s similar period. In a statement, CG Power and Industrial Solutions Limited said the firm benefited from continuous operations in the second quarter, with all businesses performing successfully and capacity utilisation improving.

“For the quarter under review, revenues were Rs 1,352 crore, the most in the past ten quarters, and profit before tax was Rs 137 crore, the best in the last 20 quarters,” the business said. Higher prices of primary metals such as copper and aluminium are affecting profits, according to the firm, and free cash flow generation for the quarter ended September 30, 2021 was Rs 111 crore. The business’s subsidiaries in the United States, Sweden, Germany, and the Netherlands are “profitable,” according to the corporation. is the source for this information.

22 October, 2021

Price of a CG Power share After solid Q2FY22 performance, target zoom. Should you make a purchase right now?

In early morning trading, CG Power’s stock gained nearly 5% to a 52-week high. CG Power & Industrial Solutions’ stock began 6.85 per share higher today, reaching a 52-week high of 144.75. This huge surge in the stock, according to stock market analysts, is attributable to CG Power’s good performance.

CG Power’s net profit increased by 71.9 percent to about 188 crore in the second quarter, according to figures released Wednesday. In Q2 FY22, the company’s revenue from operations increased by 118.98% to 1,453.79 crore, compared to Q2 FY21. He believes that the share price of CG Power might rise much higher, to Rs 180 per share.

“The stock is surging after solid quarterly figures,” Avinash Gorakshakar, Head of Research, Profitmart Securities, said of the CG Power Q2 results, which bolstered CG Power shares today. The company’s net profit increased by more than 70%, while revenue from operations increased by about 120 percent. Its EBITDA has increased by 164%. In the just completed September 2021, it was 186 crore, compared to 70 crore in the second quarter of September 2021. As a result, the market was obliged to respond to these good quarterly results, as seen by the substantial increase in the CG Power share price. “From this vantage point.”

“The stock still appears positive on the chart pattern,” Sumeet Bagdia, Executive Director, Choice Broking, said of CG Power shares. This counter can be purchased at present levels with a stop loss of about 120 for a short-term aim of 170 to 180 per share. is the source of this information.

18 October, 2021

With the signing of an agreement with Evie Real Estate, CG Power & Industrial Solutions soars to new heights.

After entering into an agreement and signing a definitive term sheet with AV Real Estate for the sale of the company’s properties in Kanjurmarg, Mumbai, CG Power and Industrial Solutions was closed in the upper circuit of 5% at Rs 124.45.

According to the term sheet, the selling consideration was Rs 382 crore, plus the payback of Rs 20 crore of the deposit amount, according to an exchange filing. On October 28, 2015, CG Power and Industrial Solutions and AV Real Estate signed a selling agreement. The property was supposed to be sold by December 27, 2019. The sale could not, however, be finalised before the ‘Closing Date.’ Due to different events in the Company, the parties have filed claims and counterclaims under the Agreement.

However, under new management, the firm has negotiated and agreed to finalise the sale with AV Real Estate, and has signed a binding term sheet on October 16, 2021.

In Q1 June 2021 (Q1 FY22), CG Power and Industrial Solutions’ consolidated net profit (from continuing operations) was Rs 48 crore, compared to a net loss of Rs 262.88 crore in Q1 June 2020. (Q1 FY21). In Q1 FY22, net sales increased by 189.5 percent to Rs 1,050.04 crore, compared to Rs 362.73 crore in Q1 FY21.

CG Power and Industrial Solutions is a global pioneer in electrical energy management and application. Electrical equipment, systems, and services for utilities, power production, and industry are among the company’s offerings. is the source for this information.

18 October, 2021

CG Power would sell its Kanjurmarg property for Rs 382 crore.

On the 16th of October 2021, CG Power and Industrial Solutions signed a binding term sheet with AV Real Estate for the sale of the Company’s properties in Kanjurmarg. The sale price has been set at Rs 382 crore, according to the agreement. The acquisition is expected to close on or before March 31, 2021. is the source for this information.

Disclaimer: The views and investment tips expressed by investment expert on Stock consultant bihar are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

More Share Price Target Updates:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar