CG Power Slides to Multi-Month Low Amid Sustained Selling

extended its weak momentum, ending the session with a loss of around 3% after being down over 10% from the day’s high. The stock marked its fourth consecutive negative close and traded at its lowest level since 12 May 2025. Intraday price action reflected persistent supply, with rebounds failing to sustain and sellers remaining active at higher levels. Despite broader market volatility, CG Power did not witness any meaningful recovery during the latter half of the session. The continued sequence of lower closes suggests fading near-term confidence and cautious positioning among participants. Unlike some peers that saw sharp policy-driven reactions, CG Power’s move appeared more technical in nature, driven by sustained selling pressure and weak follow-through buying. The stock’s inability to stabilise adds to short-term uncertainty within the electrical equipment space. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.