CG Power slips as net loss widens in Q2

CG Power and Industrial Solutions declined 2.59% to Rs 84.60 at 12:00 IST on BSE after the company reported consolidated net loss of Rs 469.87 crore in Q2 September 2017 higher than net loss of Rs 11.09 crore in Q2 September 2016.

CG Power and Industrial Solutions' net sales rose 18.4% to Rs 1557.61 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 9 November 2017.

Meanwhile, the S&P BSE Sensex was down 22.31 points, or 0.07%, to 33,228.62. The S&P BSE Mid-Cap index was up 17.22 points, or 0.1%, to 16,595.14, outperforming the Sensex.

On the BSE, 1.81 lakh shares were traded in the counter so far, compared with average daily volumes of 3.27 lakh shares in the past one quarter. The stock had hit a high of Rs 87 and a low of Rs 83.80 so far during the day. The stock had hit a 52-week high of Rs 97.30 on 26 May 2017. The stock had hit a 52-week low of Rs 55.60 on 26 December 2016.

The stock had outperformed the market over the past one month till 9 November 2017, gaining 8.29% compared with the Sensex's 4.41% rise. The stock had also outperformed the market over the past one quarter, rising 13.98% as against the Sensex's 4.57% rise. The scrip had, however, underperformed the market over the past one year, gaining 5.66% as against the Sensex's 22.01% rise.

The mid-cap company has equity capital of Rs 125.35 crore. Face value per share is Rs 2.

Erstwhile Crompton Greaves, as an engineering corporations, CG Power & Industrial Solutions provides end-to-end solutions, helping its customers use electrical power effectively and increase industrial productivity with sustainability.

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