Shares of CG Power and Industrial Solutions were locked in 5 per cent upper circuit for the second straight day, at Rs 157.65 on the BSE on Wednesday. The stock was trading at its multi-year high level. In the past four trading days, it has gained 15 per cent after the company reported an all round improvement in performance during July-September quarter (Q2FY22).
In the past 11 weeks, the stock has rallied 110 per cent from a level of Rs 75.20 touched on August 11, 2021. In comparison, the S&P BSE Sensex was up 12.8 per cent during the same period. Further, it has zoomed 3,261 per cent from its March 2020 low of Rs 4.69 on the BSE.