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Fresh order win lifts CG Power shares sharply
CG Power shares climbed after a fresh order win improved revenue visibility and strengthened investor confidence in execution and near term earnings prospects.
CG Power shares rose sharply after the company announced a fresh order win, lifting investor sentiment. The contract strengthened the order book and improved revenue visibility. Market participants welcomed the update amid rising demand for power equipment. The stock outperformed broader indices as traders assessed execution capability, project timelines, and potential earnings impact from the newly secured order during the current financial year