Buy CG Power and Industrial Solutions, target price Rs 195: Yes Securities

Yes Securities has buy call on CG Power and Industrial Solutions with a target price of Rs 195. The current market price of CG Power and Industrial Solutions is Rs 174.65. Time period given by analyst is Intra Day when CG Power and Industrial Solutions price can reach defined target. Yes Securities recommended to keep a stoploss at Rs 163.

CG Power and Industrial Solutions, incorporated in the year 1937, is a Small Cap company (having a market cap of Rs 25196.21 Crore) operating in Electric/Electronics sector.

CG Power and Industrial Solutions key Products/Revenue Segments include Electrical Equipment, Income from Eng. Construction Contracts, Scrap and Sale of services for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 1558.89 Crore, up 6.15% from last quarter, Total Income of Rs 1468.56 Crore and up 88.21% from last year same quarter and Total Income of Rs 828.29 Crore. Company has reported net profit after tax of Rs 545.06 Crore in latest quarter.

Investment Rationale
After losing 26% from the Jan 2022 high, the stock has regained momentum on the upside. Sustenance above levels of Rs 165 could lift the stock to Rs 195 zone.

Promoter/FII Holdings
Promoters held 52.7 per cent stake in the company as of 31-Dec-2021, while FIIs owned 13.29 per cent, DIIs 5.63 per cent.