{"id":36851,"date":"2026-03-23T04:21:11","date_gmt":"2026-03-23T04:21:11","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/36851\/"},"modified":"2026-03-23T04:21:11","modified_gmt":"2026-03-23T04:21:11","slug":"cg-power-shares-decline-even-as-ubs-raises-price-target-says-worst-is-largely-behind","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/36851\/","title":{"rendered":"CG Power shares decline even as UBS raises price target, says ‘worst is largely behind’"},"content":{"rendered":"

Shares of CG Power and Industrial Solutions Ltd.<\/a> declined 1.5% on Monday, March 23, as brokerage firm UBS is positive on the stock as it raised its price target by 7%.<\/p>\n

UBS maintained its “buy” rating on CG Power and has raised its target price to \u20b9900 per share from \u20b9840 apiece. This implies an upside potential of 32% from its previous close.<\/p>\n

\nThe brokerage is of the view that CG Power is at an inflection point, with the worst of its industrial weakness across orders, margins and rail executions largely behind it.
CG Power is well-positioned in the power segment, with timely capacity expansion and improving export visibility, UBS said.<\/p>\n

\"\"<\/p>\n

A strong cash position, post its QIP, supports the company’s product portfolio expansion, while its outsourced semiconductor assembly and test (OSAT) unit, although blackened, remains scalable over time, according to the brokerage.<\/p>\n

\nCG Power’s third quarter earnings were largely in-line on revenue estimates but missed profit and margin expectations. Its overall margins contracted due to the continued investments in the semiconductor business, which continued to be loss-making.<\/p>\n

CG Power’s semiconductor segment had reported an EBITDA loss of \u20b940 crore in the third quarter compared to a loss of \u20b921 crore in the previous quarter.<\/p>\n

In January<\/a>, CG Power’s CEO and managing director Amar Kaul had told CNBC-TV18 that exports remained a key growth area for the firm, with export margins higher than those of domestic orders.<\/p>\n

However, UBS on Monday said that while scaling industrial exports may remain challenging for CG Power, the domestic cycle, led by rail and industrial motors, is increasingly looking better over the next 12 months.<\/p>\n

Of the 17 analysts who have coverage on the CG Power stock, 13 have a ‘buy’ rating, one has a ‘hold’ rating and three have ‘sell’ ratings.<\/p>\n

CG Power shares were down 1.5% \u20b9671.5 apiece just after market open on Monday. The stock has declined 13.2% in the past six months but has gained 5.3% this year, so far.<\/p>\n

Also Read: HDFC Bank share price target cut by HSBC on valuation compression risk<\/a><\/p>\n

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