CG Power Shares Surge 65% Since January Low Amid Strong Q4 Results
CG Power hits new high, up 65% from Jan low; Motilal Oswal retains 'Buy'
Business Standard
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CG Power and Industrial Solutions shares reached a record high of ₹864.65, up 65% from a January low of ₹525.50, following strong Q4 FY2026 results. Analysts predict further growth, with Motilal Oswal maintaining a 'Buy' rating and a target price of ₹940, indicating a potential upside of nearly 9%.
- 01CG Power shares hit a record high of ₹864.65, up 65% from January's low.
- 02Q4 FY2026 results showed a 22% YoY revenue increase to ₹3,129 crore.
- 03Profit after tax rose 49% YoY to ₹412 crore, indicating strong financial health.
- 04Motilal Oswal set a target price of ₹940, suggesting a 9% upside.
- 05The company is expanding its power transformer capacity significantly to meet growing demand.
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CG Power and Industrial Solutions, part of the Murugappa Group, saw its share price soar to a record ₹864.65, reflecting a 65% increase from its 52-week low of ₹525.50 in January 2026. This surge follows the company's robust performance in the Q4 FY2026, where it reported a 22% year-on-year increase in standalone revenue to ₹3,129 crore and a 49% rise in profit after tax to ₹412 crore. Analysts attribute this growth to strong demand in the Power Systems segment, which experienced a 50% revenue increase, and a significant order backlog that rose 59% year-on-year to ₹15,719 crore. Motilal Oswal Financial Services has reiterated a 'Buy' rating on the stock, projecting a target price of ₹940, which implies a potential upside of nearly 9%. The company is also expanding its power transformer capacity to 65,000MVA to capitalize on rising investments in renewable energy and data centers, further positioning itself for future growth.
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The strong performance of CG Power indicates positive trends in the Indian power and industrial sectors, which could lead to job creation and increased investments in infrastructure.
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