CG Power & Industrial Solutions Ltd gains for third consecutive session

CG Power & Industrial Solutions Ltd gained for a third straight session today. The stock is quoting at Rs 909.25, up 3.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 22714.75. The Sensex is at 72914.51, up 0.74%. CG Power & Industrial Solutions Ltd has risen around 1.59% in last one month.

Meanwhile, Nifty Energy index of which CG Power & Industrial Solutions Ltd is a constituent, has risen around 2.8% in last one month and is currently quoting at 36594.65, up 0.86% on the day. The volume in the stock stood at 18.84 lakh shares today, compared to the daily average of 24.38 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 914.45, up 2.97% on the day. CG Power & Industrial Solutions Ltd is up 21.56% in last one year as compared to a 9.53% drop in NIFTY and a 4.06% drop in the Nifty Energy index.

The PE of the stock is 97.79 based on TTM earnings ending June 26.