Buy Cg Power And Ind Sol: IIFL Securities's Target Price Rs 775
IIFL Securities has a buy recommendation on CG Power and Industrial Solutions with a target price of Rs 775, implying an upside potential of 3.5%. The stock is currently trading at Rs 748.35. The brokerage firm believes that the company's strong order book, improving execution capabilities, and focus on deleveraging will drive growth in the coming quarters.
About Cg Power And Ind Sol:
CG Power and Industrial Solutions Limited (formerly Crompton Greaves Limited) is a global engineering, manufacturing, and projects company specializing in power generation, transmission, and distribution systems. Listed on the National Stock Exchange (NSE) of India, the company offers a wide range of products and services in the power sector, including transformers, switchgears, motors, generators, and EPC projects. With a vast manufacturing footprint across India and multiple international locations, CG Power and Industrial Solutions caters to customers in various industries, including utilities, infrastructure, and real estate. The company's commitment to sustainable practices and technological advancements has earned it recognition as a leader in the power industry.
52 Week Price Trend:
Cg Power and Industrial Solutions (NSE: CGPOWER), an electrical equipment and services provider, has witnessed a significant rise in its share price from its 52-week low of Rs 276.65 to its current market price (CMP) of Rs 748.35. The stock has gained over 167% in the past year, outperforming the broader market. Despite reaching a 52-week high of Rs 503.45, the stock has maintained an upward trend, indicating continued investor confidence in the company's prospects. CGPOWER's strong financial performance, including increasing revenue and improving profitability, has contributed to this positive sentiment.
Stratzy's MOST Analysis:
CGPOWER has earned an exceptional AAA rating from Stratzy's MOST Framework, indicating the company's strong fundamental standing. This rating is based on a comprehensive evaluation of Management, Outlook, Safety, and Trend. CGPOWER's robust management team, positive financial prospects, sound financial position, and favorable market trends have contributed to this top-tier rating. The framework's scoring system, which ranges from AAA (lowest risk) to CC- (highest risk), places CGPOWER among the companies with the lowest fundamental risks, highlighting its overall stability and investment potential.
Company's Fundamentals:
Cg Power And Ind Sol (NSE: CGPOWER) is a company listed on the National Stock Exchange (NSE) of India. The company's stock has a price-to-earnings (PE) ratio of 76.15, which indicates that investors are willing to pay 76.15 times the company's annual earnings per share for each share of stock. The company's price-to-book (PB) ratio is 29.37, which indicates that investors are willing to pay 29.37 times the company's book value per share for each share of stock. The company's dividend yield is 0.35%, which means that investors receive a dividend of 0.35% of the stock's current price for each share they own.
Fundamental and Technical information provided in this blog were last updated on 23 Aug, 2024
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