CG Power and Industrial Solutions500093Electrical equipment
CG Power reported strong order inflow and order book numbers well above street estimates, sending the stock to day's highs though still down for the session
By ScoutQuest · · 1 min read
- Order inflow
- 8,016 crore rupees
- Order inflow estimate
- 4,692 crore rupees
- Order book
- 21,820 crore rupees
- Order book estimate
- 17,333 crore rupees
- Stock move today
- down 1.5 percent
Heard on business television between 15:03:26 - 15:06:26 IST.
- CG Power's order inflow came in at 8,016 crore rupees versus an estimate of 4,692 crore rupees, nearly double expectations.
- Order book stood at 21,820 crore rupees versus an estimate of 17,333 crore rupees.
- Stock spiked to the day's highest levels on the news but remained down about 1.5% for the session.
- Analyst Neeraj Diwan called CG Power a good long-term bet given the order inflow, though he said the stock remains expensive.
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