CG Power stock skyrockets 10,923% in five years

CG Power and Industrial Solutions has experienced remarkable growth in its stock price over the past five years. The share price, which was ₹5.85 in 2020, has soared to ₹638. This represents a staggering increase of 10,923 percent. An investment of ₹1 lakh made five years ago would now be worth about ₹1.09 crore. On Wednesday, CG Power shares climbed nearly 1.53%. Long-term investors have also enjoyed significant returns, with the stock rising 13,838 percent over 25 years. However, in recent months, the stock has shown some volatility, falling over 12.50% in the last six months, although it has gained 10.23% in the past month. The company recently announced an interim dividend of ₹1.30 per equity share for the financial year 2024-25. The record date to determine eligible shareholders for this dividend is March 22, with payments expected to begin after April 16. In its latest financial report for Q3 FY25, CG Power reported a 68% drop in net profit, totaling ₹237.85 crore compared to the previous year. However, total income increased by 27%, boosted by a strong performance in its power systems segment. The company also plans to invest ₹712 crore in a new transformer manufacturing unit, aiming to meet growing domestic and export demand.