Street View: India's CG Power to benefit from export growth, data-centre demand

CG Power and Industrial Solutions

07/05/2026 05:54

** CG Power And Industrial Solutions CGPO.NS stock jumps almost 4% to 861.85 rupees

** Heavy electrical equipment maker's profit rose 34.4% y/y

POWER DEMAND, EXPORT GROWTH DRIVE OPTIMISM

** Nomura("buy", raises PT to 920 rupees from 820 rupees) says strong order inflows, faster transformer capacity expansion position co to benefit from export opportunities, rising data-center demand

** Jefferies("hold", raises PT to 745 rupees from 600 rupees) says strong demand and operating leverage boosted margins in power systems business, though industrial systems and semiconductor losses remain concerns

** Ambit Capital (raises PT to 660 rupees from 580 rupees) retains "sell" on concerns over slowing domestic orders and rising competition

** Emkay Global ("buy", raises PT to 875 rupees from 775 rupees) cites strong execution in power systems, growing export opportunities

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))