India's CG Power and Industrial Solutions gains after stay on tax demand
09/09/2026 10:38
BUZZ-India's CG Power and Industrial Solutions gains after stay on tax demand ** Shares of CG Power and Industrial Solutions CGPO.NS rise as much as 2.2% to 930.55 rupees, their highest level since July 22, 2026
** Heavy electrical equipment maker says Income Tax Department granted a stay on a revised tax demand of 2.37 billion rupees, until the company's appeal before the Commissioner of Income Tax (Appeals) is disposed of
** Stock rated "buy" on average by 18 analysts; median PT is 990 rupees - LSEG-compiled data
** Stock up 43.5% YTD
(Reporting by Payel Das in Bengaluru)
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