Purchase CG Power and Industrial Solutions, target cost Rs 335: Axis Securities

Synopsis CG Power and Industrial Solutions, included in the year 1937, is a Small Cap business (having a market cap of Rs 46003.78 Crore) operating in Electric/Electronics sector.THE ECONOMIC TIMESPromoters held 58.12 percent stake in the business since 31-Dec-2022, while FIIs owned 12.96 percent, DIIs 7.59 per cent.Axis Securities has purchase contact CG Power and Industrial Solutions with a target rate of Rs 335. The existing market value of CG Power and Industrial Solutions is Rs 300.35. Axis Securities advised to keep stop loss at Rs 285. CG Power and Industrial Solutions, included in the year 1937, is a Small Cap business (having a market cap of Rs 46003.78 Crore) operating in Electric/Electronics sector. CG Power and Industrial Solutions crucial Products/Revenue Segments consist of Electrical Equipment, Scrap, Income from Eng.Construction Contracts and Sale of services for the year ending 31-Mar-2022. Financials For the quarter ended 31-12-2022, the business has actually reported a Consolidated Total Income of Rs 1809.95 Crore, up 6.03 % from last quarter Total Income of Rs 1707.00 Crore and up 16.11 % from in 2015 very same quarter Total Income of Rs 1558.89 Crore. Business has actually reported net earnings after tax of Rs 227.86 Crore in most current quarter. The business’s leading management consists of Mr.Vellayan Subbiah, Mr.Natarajan
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