Electric Equipment Stock Delivered 1900% Returns In Just 3 Years Span, Do You Own It?

CG Power and Industrial Solutions Ltd has given strong returns to investors over the years. The stock was priced Rs 13.30 apiece on NSE on September 9, 2019 and today the stock is priced at Rs 261.70 apiece on NSE. The stock scaled its new 52-week high on September 21, 2022 and registered 3% intraday gain to close at Rs 261.70.

Today CG Power and Industrial Solutions Ltd opened at Rs 255 apiece, touched an intraday high of Rs 263 apiece and intraday low of Rs 254 apiece, respectively. The stock has given outstanding returns to investors in the last 5 years span.

In the past 5 years, CG Power and Industrial Solutions Ltd has given a return of 230%, in last 3 years the returns it has delivered is whopping 1900%, and in the last 1 year only, it has given a return of 171%. The stock has gained 52% in just last 3 months.

It has given ROE of 9.89% in the year ending March 31, 2022 thus outperforming its 5 years average of -8.54%, according to Consolidated Financials.

The stock has given a 3-year return of 1900% as compared to Nifty 100 that gave a return of 57%.

CG Power and Industrial Solutions Ltd has for the quarter ended June 30, 2022 declared a consolidated total income of Rs 1674.50 crore, up 10.54% from last quarter total income of Rs 1514 crore. It declared a net profit after tax at Rs 129 crore in the latest quarter.

The company has a market capitalisation of Rs 39,978.87 crore at the time of writing the story.

CG is an engineering conglomerate with an impressive and diverse portfolio of products, solutions and services for Power and Industrial equipment and solutions, addressing myriad needs. CG was established in 1937 in India and since then the Company has been a pioneer and has retained its leadership position in the management and application of electrical energy, according to its official website.