India's CG Power and Industrial Solutions falls on Sept-qtr results

CG Power and Industrial Solutions

19/10/2022 10:35

** Shares of CG Power and Industrial Solutions  CGPO.NS 
down as much as 3.1% to 252.2 rupees, their sharpest pct loss in
over two weeks
    ** Co on Wednesday posted a 11.4% fall in Sept-qtr
consolidated PAT to 1.79 bln rupees ($21.63 million) from 2.02
bln rupees yr ago 
    ** Consolidated total expenses increased 10.7% to 14.66 bln
rupees
    ** More than 5 mln shares traded, 1.8X their 30-day moving
avg of more than 3 mln shares
    ** Three of 4 brokerages rate the stock "buy" or higher, and
1 "sell" or lower; their median PT is 236.5 rupees - Refinitiv
data
    ** Up to last close, CGPO had risen 33.9% YTD
($1 = 82.7625 Indian rupees)
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;Mobile: +91 6001289066))