FinanceMoneycontrol

CG Power order inflows top estimates; Nomura retains 'Buy' with Rs 1,100 target

in5points
  1. CG Power order inflows exceeded estimates.

  2. Nomura retains 'Buy' rating on CG Power with a target price of Rs 1,100.

  3. Nomura expects an EPS CAGR of 33% for CG Power over FY26-29F.

  4. The brokerage remains positive on the stock, backed by strong growth outlook.