CG Power and Industrial Solutions shares plummet 12% amid high trade volumes
CG Power and Industrial Solutions plunged 12% to an intraday low of Rs 522 on the BSE. The stock's total traded volume on the exchange reached 5.57 lakh shares, recording a turnover of Rs 30.49 crore.
On the NSE, CG Power shares also faced significant selling pressure with a total traded quantity of 121.75 lakh shares, and a total traded value of Rs 666.34 crore as of 12:30 pm today.
The company’s market capitalization now stands at Rs 84,119.85 crore, with a free float market cap of Rs 35,311.08 crore. Despite its robust fundamentals, the stock has faced volatility, trading within the 52-week range of Rs 420 to Rs 874.50.
This sharp decline comes amid broader market fluctuations, a drop attributable to profit booking and sectoral weakness.
Also read: Anant Raj shares nosedive nearly 20% amid global fears of low-cost AI models
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