Only buyers in Multibagger CG Power on Thursday; stock more than doubles in 2021 alone!
On Thursday we find as many as 284 stocks are locked in the upper circuit while 213 stocks made a fresh 52 week high for themselves, by the afternoon session.
The BSE Sensex is completely in the hands of the bulls with the frontline index gaining more than 700 points on Thursday.
HDFC Bank, RIL and ICICI Bank together are seen contributing most to the index gains. While the action is focused on large caps and especially the top BSE Sensex gainers, several mid-caps are also seen outperforming the markets on Thursday, on an intraday basis.
Godrej Properties, Crompton and Tata Power are seen contributing the most to the BSE Mid cap gains on Thursday, on an intraday basis.
The shares of multibagger CG Power are in high demand ever since its has given a multiyear breakout. The shares of multibagger CG Power are trading at a 10-year breakout. The good news for the bulls is that the breakout is aided by decent volume. The shares of multibagger CG power are locked in the upper circuit on Thursday.
On Thursday we find as many as 284 stocks are locked in the upper circuit while 213 stocks made a fresh 52 week high for themselves, by the afternoon session.
CG Power is one of the top performing multibaggers in 2021 and 2021 that continues to gain ground.
The share price of CG power is up by more than 27 per cent in one month alone while in 2021 itself the stock is up by more than 138 per cent. It is an impressive run for the stock as the stock has already climbed by more than 300 per cent in CY 2020. In one year, the share price of CG Power is up by more than 366 per cent.
CG Power has seen a turnaround in its business after the new promoters have taken over the company. The improvement in financials is what is attracting investors to the stocks. Investors perceive the beleaguered company has huge potential, and the revenues are expected to grow in coming years at a decent pace.
CG Power and Industrial Solutions Limited, previously known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution. It is based in Mumbai and a part of the Murugappa Group.