The company’s stock has given a return of more than 1200 percent in 12 months. The stock has gained 90 per cent since the beginning of this year.
Shares of CG Power & Industrial Solutions have given bumper earnings to investors. The company’s stock has given a return of more than 1200 percent in 12 months. The stock has gained 90 per cent since the beginning of this year. Domestic and foreign investors as well as promoters have increased their stake in CG Power & Industrial Solutions’ stock. The wealth of investors who invested Rs 1 lakh in this stock increased to Rs 12.85 lakh in 12 months.
Domestic as well as foreign investors have expressed confidence in the shares of CG Power & Industrial Solutions. Domestic Institutional Investors (DIIs), Foreign Portfolio Investors (FPIs) and Promoters have increased their stake in the company in the March quarter.
Shares increased by more than 1200 percent in 12 months
The stock of CG Power & Industrial Solutions has gained over 1200 per cent in one year. The share price on 3 June 2020 was Rs 6.30. It increased by 1285 percent to a price of Rs 87.30. During this, the Sensex registered a rise of 53 percent. The market cap of the company is Rs 11,312.77 crore.
Shares rise after change in management
Ownership change has been seen in CG Power. After the fraud, the company was taken over by the Murugappa Group through its entity Tube Investment. The market has given new management incentives.
financial position of the company
The company had a net loss of Rs 534.59 crore in the December 2020 quarter. This is 154.48 percent less than in December 2019. At the same time, the net sales during this period was Rs 819.52 crore.
On May 11, 2021, the Board of CG Power & Industrial Solutions has approved the preferential allotment of 1.38 crore equity shares.
( Disclaimer : This is not an investment advice. Here the performance of the stock is shown. Before investing in this, please consult financial experts.)
