The IIFL Research Report: Buy Cg Power And Ind Sol

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

About Cg Power And Ind Sol:

CG Power and Industrial Solutions Limited (CG Power) is an Indian multinational electrical equipment manufacturing company headquartered in Mumbai, India. It is a leading global provider of electrical products, systems, and services, with a presence in over 50 countries. The company's products include transformers, switchgear, transmission lines, cables, and other electrical equipment. CG Power also provides a range of engineering, procurement, and construction (EPC) services for power projects. The company is listed on the National Stock Exchange of India (NSE) and is a constituent of the CNX Nifty 500 index.

52 Week Price Trend:

CGPOWER shares are currently trading at Rs 468.6, which falls within the range of its 52-week high (Rs 503.45) and 52-week low (Rs 276.65). This implies that the stock is currently not at an extreme level in terms of its historical performance, and investors may need to consider other factors to determine its potential for further growth or decline.

Stratzy's Analysis:

CGPOWER has received an AAA rating from Stratzy's MOST framework, indicating extremely low fundamental risks. This rating is based on strong performance across all four pillars of management, outlook, safety, and trend. The high score suggests that CGPOWER is a financially sound company with a positive outlook and a strong track record of performance.

Company's Fundamentals:

Cg Power And Ind Sol (NSE:CGPOWER) trades at a relatively high valuation with a Price-to-Earnings (PE) ratio of 76.15, indicating that investors are willing to pay a premium for its earnings. The Price-to-Book (PB) ratio of 29.37 suggests that the company's market value is significantly higher than its book value, indicating that investors believe in the company's growth prospects. However, the Dividend Yield of 0.35% is relatively low, implying that investors prioritize capital appreciation over dividend income from the stock.

Fundamental and Technical information provided in this blog were last updated on 13 Mar, 2024

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