Sell CG Power and Industrial Solutions, target Rs 50: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on CG Power and Industrial Solutions Ltd. with a target price of Rs 50. The current market price of CG Power and Industrial Solutions Ltd. is Rs 55.7. Time period given by the analyst is Intra Day when CG Power and Industrial Solutions Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 59. CG Power and Industrial Solutions Ltd., incorporated in 1937, is a midcap company with a market cap of Rs 3490.98 crore.

CG Power and Industrial Solutions Ltd. key Products/Revenue Segments include Electric Motors which contributed Rs 1752.49 Crore to Sales Value (36.80 % of Total Sales), Transformers & Reactors which contributed Rs 1715.92 Crore to Sales Value (36.03 % of Total Sales), Switchgear Control Panels which contributed Rs 908.11 Crore to Sales Value (19.07 % of Total Sales), Traction Machines which contributed Rs 178.13 Crore to Sales Value (3.74 % of Total Sales), Others which contributed Rs 143.38 Crore to Sales Value (3.01 % of Total Sales), Electrical Steel Stamping And Laminates which contributed Rs 50.74 Crore to Sales Value (1.06 % of Total Sales), Electric Fans & Motors which contributed Rs 12.66 Crore to Sales Value (0.26 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 1490.14 Crore, down -16.86 % from last quarter Sales of Rs 1792.35 Crore and up 3.74 % from last year same quarter Sales of Rs 1436.42 Crore Company has reported net profit after tax of Rs -84.13 Crore in latest quarter. The company’s top management includes Dr.Omkar Goswami, Dr.Valentin Von Massow, Mr.Ashish Guha, Mr.Bhuthalingam Hariharan, Mr.Gautam Thapar, Mr.Jitender Balakrishnan, Mr.K N Neelkant, Mr.Madhav Acharya, Mr.Sanjay Labroo, Ms.Ramni Nirula. Company has SRBC & Co LLP as its auditoRs As on 30-06-2018, the company has a total of 626,746,142 shares outstanding.