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CG Power Shares May Rally 40% After Q2 Results; Motilal Oswal Raises Target Price On Strong Order Inflows

CG Power Shares May Rally 40% After Q2 Results; Motilal Oswal Raises Target Price On Strong Order Inflows

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Overall order book stood at Rs 23,600 crore, up 58% YoY and Motilal Oswal expects CG Power to benefit from recent capacity expansion at power systems for transformers and switchgear and circuit breakers, price hikes and a gradual demand recovery in the industrial segment.

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