CG Power- Maiden Century Seen Today

By Research Desk
about 3 years ago

CG Power has breached 100 mark today, completing its Maiden Century, under the new management.This needs a big celebration. Share is now ruling at Rs. 100

Our Editor & CEO. Mr. SP Tulsian, gave a buy call on Monday, 18th August 20, on CNBC TV18, at Rs. 15. With the same call, he gave a target of Rs. 100 on the stock, in the next 12 months, which was taken as laughing point by the Anchor then. Maybe, to prove Mr Tulsian wrong, Channel and Anchor, as usual, seen and expected from them and him, started carrying negative stuff on the stock, with not much avail.

But critics may still have a valid point to criticise this call. Now critics may say that stock has hit Century in 13 months and not in 12 months, as predicted by Mr Tulsian.:)  

Strong fundamentals of a stock is bound to get reflected in the share price.

Conversely, weak stocks cannot sustain expensive valuation over a longer time.

We see this feat to continue over the next 3 years as well, with stock keep hitting Double & Triple Century, as  fundamentals are getting stronger every day, under the new promoter, Murugappa Group.  

This is not a Buy or Sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.


Popular Comments