CG Power hits all-time high; surges 30% in one month on strong outlook

The company said it has been identifying areas of synergies with Tube Investments and the Murugappa Group to take the pillars of growth much higher in the next 3-5 years

Shares of CG Power and Industrial Solutions hit an all-time high of Rs 230 as the stock gained 4 per cent on the BSE in Friday's intra-day trade. In the past two trading days, it has rallied 13 per cent amid heavy volumes. Moreover, in the past one month, it has surged 30 per cent on strong business outlook. In comparison, the S&P BSE Sensex was up 8 per cent during the same period.

Trading volumes on the counter jumped nearly four-fold today relatice to the average daily volume of the past two weeks. A combined 5.4 million equity