India's CG Power hits record high

CG Power and Industrial Solutions

10/01/2023 07:36

** Shares of electrical solutions co CG Power and
Industrial Solutions  CGPO.NS  rise as much as 3.2% to record
high of 298.6 rupees
    ** Stock trading above 50-day, 100-day and 200-day moving
avgs for second straight session
    ** Moving average convergence divergence (MACD) line above
signal line since Jan. 3, signalling a bullish bias
    ** More than 3.6 mln shares change hands by 12:17 p.m. IST,
vs 30-day avg of 1.4 mln shares
    ** Stock rose 38.9% in 2022, its third straight year of
gains
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))