Stock of Interest

Posted On: July 20, 2023

Stock Report : CGPOWER (NSE) 18 Jul 2023

CG Power and Industrial Solutions Limited, formerly known as Crompton Greaves Limited, is an Indian multinational company specializing in the design, manufacturing, and marketing of products related to power generation, transmission, distribution, and rail transportation. Headquartered in Mumbai, it became a part of the Murugappa Group in 2020. With a history dating back to 1878, CG Power and Industrial Solutions has a strong presence in the electrical industry. It produces a wide range of products including transformers, pumps, motors, and railway signaling equipment. The company’s revenue in 2015 was ₹14,013 crore (US$1.8 billion). CG Power and Industrial Solutions continues to play a significant role in the power and transportation sectors.

#xCalData predicts # CGPOWER will continue its Bullish phase over the next five days and trend in the range of 453 to 426. 

In comparison to the previous month, the price of the stock has experienced an increase of 11.74% indicating a bullish. 

The Stock has doubled once since 10 Mar 2017 and took an average of 4.8 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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