CG Power shares gain for the fourth straight day to end at a 52-week high

The company's shares have surged 43.07 percent year-to-date. The stock gained 4 percent in the last week while it has gained 8.4 percent in the last three months.

The company reported an 11 percent decline in consolidated net profit at Rs 178.97 crore for the September quarter as against Rs 201.78 crore in the year-ago period. The company’s revenue from operations rose to Rs 1,696.27 crore from Rs 1,453.79 crore in the same period a year ago.

The board in its meeting last month approved a proposal to expand the manufacturing capacity of motors at its Ahmednagar and Goa plants with a capital outlay of Rs 230 crore. The proposed expansion would increase the capacity to 19.92 lakh low-tension motors per annum, from the existing capacity of 9.93 lakh per annum.

CG Power and Industrial Solutions is engaged in providing end-to-end solutions to utilities, industries, and consumers for the management and application of electrical energy.

The Company offers products, services, and solutions through two segments - power systems and industrial systems.