India's CG Power hits record high on land development deal

CG Power and Industrial Solutions

05/07/2024 07:17

** Shares of CG Power and Industrial Solutions  CGPO.NS  up
4.08% to a record high of 752 rupees 
    ** The heavy electrical equipment maker said it entered into
a deal with Skybound Realty for development of new buildings on
co's property in Mumbai 
    ** Analysts avg rating on stock is "Hold", median PT is 565
rupees - a ~22% discount on last close, per LSEG data 
    ** Including session's gains, stock is up ~64% YTD vs ~23%
rise in the Nifty mid-cap index  .NIFMDCP100  
     
    


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))