Buy Cg Power And Ind Sol: IIFL Research's Target Price ₹ 539

IIFL Research has buy call on Cg Power And Ind Sol at current market price of Rs 468.6. The target price of Cg Power And Ind Sol is Rs 539.

About Cg Power And Ind Sol:

CG Power and Industrial Solutions (NSE: CGPOWER) is an Indian multinational conglomerate headquartered in Mumbai. The company operates in various sectors, including electrical equipment, power distribution, industrial automation, and information technology. CG Power provides a wide range of products and services, including transformers, switchgear, control panels, and power distribution systems. The company has manufacturing facilities in India, China, Indonesia, and the United States, and has a global presence with offices in over 100 countries. CG Power employs over 10,000 people and has an annual revenue exceeding $2 billion.

52 Week Price Trend:

CGPOWER's current market price stands at Rs 468.6, reflecting a notable increase from its 52-week low of Rs 276.65. However, it remains below its 52-week high of Rs 503.45, indicating potential for further upside movement. Investors may consider evaluating the company's financials, industry trends, and market outlook to determine the potential for future price appreciation.

Stratzy's Analysis:

CGPOWER has received an AAA rating from Stratzy's MOST framework, indicating a low fundamental risk. This rating is based on the company's strong management, positive outlook, robust safety measures, and favorable trend. CGPOWER's financial performance, governance, and industry position have all been positively assessed, resulting in this high rating.

Company's Fundamentals:

Cg Power And Ind Sol (NSE:CGPOWER) is a publicly traded company on the National Stock Exchange of India (NSE). Its current stock performance is characterized by a high Price-to-Earnings (PE) ratio of 76.15, indicating that its stock price is significantly higher than its earnings per share. The Price-to-Book (PB) ratio of 29.37 suggests that the market value of the company's assets is considerably higher than its book value. Despite these elevated valuations, CGPOWER offers a modest Dividend Yield of 0.35%, indicating a relatively low return in terms of dividends compared to other investments.

Fundamental and Technical information provided in this blog were last updated on 15 Mar, 2024

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