Stock of this Murugappa Group company has zoomed over 100% in 9 months

Shares of CG Power and Industrial Solutions continued at their upward movement, hitting a new high of Rs 327, as they rallied 5 per cent on the BSE in Friday's intra-day trade. The rally comes after MSCI decided to include the Murugappa Group company in its India index. The changes will take place at the close of February 28, 2023. In comparison, the S&P BSE Sensex was down 0.19 per cent at 60,690 at 11:09 am.

In the past nine months, the market price of CG Power has more-than-doubled, zooming 104 per cent from a level of Rs 160.10 on May 10, 2022. In the past three months, the stock has rallied nearly 30 per cent, as compared to