Shares of CG Power and Industrial Solutions today, October 26, rose over 2.5 percent after the company posted a 44 percent year-on-year (YoY) jump in its net profit for July-September quarter of the financial year 2026-27 (FY27), supported by higher revenues and improved margins. The Mumbai-headquartered entity shared its Q2FY27 earnings last week on Friday.
Following the results, brokerages maintained mixed outlook on the stock, with UBS, Nomura and Citi retaining their ‘BUY’ ratings, while Kotak Institutional Equities maintained a ‘Sell’ rating and Jefferies gave ‘Hold’ call.
Shares of CG Power today opened at Rs 830 and rose 2.60 percent to an intra-day high of Rs 834.50, on the NSE.
At the time of writing the report at around 1.20 PM, the stock was trading 2.39 percent or Rs 19.25 higher at Rs 832.60, on the NSE.
CG Power and Industrial Solutions reported 44 percent jump in consolidated net profit at Rs 409.09 crore for the second quarter of FY27. It had clocked a profit after tax (PAT) of Rs 284.44 crore in the year-ago period, it said in an exchange filing.