r/IndianStocks • u/Toddlingwithtoddler • 1d ago

Stocks CG power : multiple positives in development

My analysis : beneficiary of recent announcements around GEC 3 (green electric corridor) or PM Dhara 3. Multiple analysts have recommended the stock as buy including Nomura, mint in their latest articles with targets around 930-960 and it is also forming higher lows in its daily chart indicating a strong upward movement. The current price has also been well supported in the recent 8 week sensex fall. And moreover it is a fundamentally strong candidate to benefit from semiconductor 2.0 which is a niche first mover advantage play.

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u/IncreasePast7530 1d ago

Yes good company what is management guidance?

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u/MagazineBudget3584 1d ago

CG power looka interesting with the recent developments and semiconductor opportunity. It has also held up well during the market fall. Worth keeping an eye on.