Today on Monday morning, amid heavy selling in the market, the share prices of CG Power have seen a rise of more than 8 percent. The reason behind this rise in the company’s shares is the new work order worth Rs 900 crore.
Work order received from company on 17th January
In the information given to the exchange, CG Power has said that it has received a big work project on January 17, 2025. The company has received this work order worth Rs 900 crore. The company has received this work order from American company Tralgrass Integrated Logistics Solutions LSC. This is the company’s first entry on the global data center segment.
surge in shares
Shares of CG Power opened at the level of Rs 580.65 in BSE this morning. The company’s share price rose by more than 8 percent during the day and reached an intra-day high of Rs 608. The last one year has been very difficult for CG Power shares. During this period, the company’s share prices have declined by 8.77 percent. Whereas the Sensex index has given a return of 8.57 percent. CG Power’s 52 week high is Rs 797.75 and 52 week low level is Rs 518.35. The market cap of the company is Rs 93610 crore.
The company has given huge returns in the long term
Even though the last one year has not been good in terms of the performance of the company’s shares. But the last two years have been great for the company’s positional investors. The company’s share price has given a return of 30 percent during this period. The company’s share prices have increased by 88 percent in three years. Let us tell you, the price of the company’s shares has increased by 1329 percent in 5 years. At the same time, a jump of 1090 percent has been recorded in the share prices of CG Power in 10 years.
