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CG Power eyes breakout above ₹700 as Q1 results loom
short by / on Thursday, 24 July, 2025
CG Power and Industrial Solutions Limited's stock is consolidating above ₹630 after 21% drop from its all-time high. Analyst Rohit Mehta sees a breakout above ₹700 if Q1 earnings impress. Despite rich valuations at 27.2x its book value, company has strong fundamentals-high ROE, zero debt, and steady payouts. Retail sentiment has improved to 'neutral,' with key support seen at ₹630.
read more at Stocktwits