Turnaround stock: Multibagger CG Power is locked in upper circuit after impressive results

The stock of CG Power has underperformed in the past one month while in 2021 alone the stock price of CG Power is up by more than 86 per cent.

The shares of CG Power are locked in the upper circuit as there are no sellers in the counter and only buyers as the demand to hold this multibagger stocks gains momentum. 

CG Power is one of the top performing stocks in past one year with the share price increasing by more than 700% in past one year alone. 

On Tuesday the CG Power share price is up by nearly 5 per cent as on monday the company reported a consolidated net profit of Rs 48 crore for June Quarter. In similar quarter previous year the company reported net losses of Rs 262.88 crore. Total income rose to Rs 1,062.24 crore in the quarter from Rs 434.84 crore in the same period a year ago.

The stock of CG Power has underperformed in the past one month while in 2021 alone the stock price of CG Power is up by more than 86 per cent.

CG Power is a case study of turaround in business. This loss to profit making company saw its fortunes turn around with the investments of Tube Investments coming to rescue of the debt ladden and cash strapped company. 

CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.