CG Power and Industrial Solutions Ltd. (NSE: CGPOWER) witnessed strong buying interest in Monday’s trading session, with the stock surging over 4% to trade at ₹723.50, compared to its previous close of ₹694.30.
The stock opened at ₹710 and touched an intraday high of ₹726.20, while the day’s low stood at ₹703.50.
CG Power Share Price Performance
- Current Price: ₹723.50 (+₹29.20 | +4.21%)
- Previous Close: ₹694.30
- Day’s Range: ₹703.50 – ₹726.20
- 52-Week High: ₹874.70 (11 October 2024)
- 52-Week Low: ₹517.70 (7 April 2025)
- Market Cap: ₹1,13,883.19 crore
- Free Float Market Cap: ₹47,588.46 crore
- P/E Ratio: 109.48
Trade Highlights
- Traded Volume: 91.06 lakh shares
- Traded Value: ₹651.60 crore
- VWAP (Volume Weighted Average Price): ₹715.60
- Buy Quantity: 6,96,263 shares
- Sell Quantity: 6,73,354 shares
- % of Deliverable Quantity: 33.89%
The strong volume indicates active participation from both institutional and retail investors.
What’s Driving CG Power’s Rally?
- Robust Demand in Electrical Equipment Sector – As one of the leading players in heavy electrical equipment, CG Power is benefiting from government infrastructure push and private capex revival.
- Strong Investor Sentiment – Being a part of NIFTY Next 50 Index, the stock attracts institutional flows.
- Technical Momentum – The stock rebounded sharply from its recent lows near ₹703, with support around ₹700 levels and resistance expected near ₹760.
Analyst View
Market experts remain cautiously optimistic on CG Power. While valuations are high with a P/E of 109.48, long-term growth prospects in renewable energy, transmission, and industrial electrification keep investors interested.
Analysts suggest that the stock may continue to see upward movement if buying momentum sustains, but caution is advised at higher levels due to elevated valuations.
Key Takeaways
- CG Power stock gained 4.21% today, trading at ₹723.50.
- The stock remains closer to its upper band of ₹763.70.
- Strong volumes signal investor confidence.
- Technical indicators show support at ₹700 and resistance around ₹760.
Disclaimer:- The above share price information is for educational and informational purposes only. Stock market investments are subject to risks. Please consult a financial advisor before making any investment decisions.