CG Power & Industrial Solutions Shows Short-Term Recovery Amid Long-Term Bearish Trend

Jan 14 2025 02:30 PM IST
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CG Power & Industrial Solutions saw a rebound on January 14, 2025, after a four-day decline, reaching an intraday high while recording a low during the session. Despite outperforming its sector for the day, the stock remains below key moving averages and has declined significantly over the past month.
CG Power & Industrial Solutions experienced a notable increase of 3.45% on January 14, 2025, following a four-day decline. The stock opened the day down by 3.23% but rebounded to reach an intraday high of Rs 639.3, reflecting a gain of 4.04%, while also recording a low of Rs 594.6 during the session.

In terms of performance metrics, CG Power & Industrial Solutions outperformed its sector by 2.56% on this day. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Over the past month, the stock has declined by 17.39%, contrasting with a decrease of 6.72% in the broader Sensex index.
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