Buy CG Power and Industrial Solutions, target Rs 44 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has buy call on CG Power and Industrial Solutions Ltd. with a target price of Rs 44.0 . The current market price of CG Power and Industrial Solutions Ltd. is Rs 39.8 Time period given by analyst is Intra Day when CG Power and Industrial Solutions Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 38. CG Power and Industrial Solutions Ltd., incorporated in 1937, is a smallcap company with a market cap of Rs 2412.97 crore.

CG Power and Industrial Solutions Ltd. key Products/Revenue Segments include Electrical Equipment which contributed Rs 4863.64 Crore to Sales Value (95.75 % of Total Sales), Income from Eng.Construction Contracts which contributed Rs 172.74 Crore to Sales Value (3.40 % of Total Sales) and Sale of services which contributed Rs 43.03 Crore to Sales Value (0.84 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 1719.52 Crore, up 4.21 % from last quarter Sales of Rs 1650.01 Crore and up 13.42 % from last year same quarter Sales of Rs 1516.08 Crore Company has reported net profit after tax of Rs -149.37 Crore in latest quarter. The company’s top management includes Dr.Omkar Goswami, Dr.Valentin Von Massow, Mr.Ashish Kumar Guha, Mr.Gautam Thapar, Mr.Jitender Balakrishnan, Mr.K N Neelkant, Mr.Narayan K Seshadri, Mr.Sudhir Mathur, Ms.Ramni Nirula. Company has SRBC & Co LLP as its auditoRs As on 31-12-2018, the company has a total of 626,746,142 shares outstanding.