CG Power - Major US Clients and Data Centre Boom growth

remains fundamentally well placed to benefit from the structural investment cycle in power transmission, electrification, industrial capex and infrastructure. The company delivered strong FY26 growth, with consolidated revenue rising 25% YoY to ₹12,418 crore and PAT increasing 23% to ₹1,197 crore, while the order backlog reached ₹17,107 crore, up 61% YoY, providing strong multi-quarter revenue visibility. The Power Systems business is particularly strong, supported by rising demand for transformers and grid equipment, while capacity expansion and a growing export opportunity add further growth potential. Technically, the stock has maintained a strong medium-term uptrend after recovering sharply from the ₹520–550 zone and is now consolidating around ₹870–900 after making highs near ₹970–980. The ₹860–870 region is an important horizontal support, and the stock is currently holding above this zone, suggesting that the recent consolidation could be a base for the next move. A decisive breakout above ₹920–930 would improve momentum and can open the way toward ₹970–980 and subsequently ₹1,050. On the downside, ₹850–860 is the first key support, followed by ₹810–820; a sustained breakdown below ₹850 would weaken the current structure. Overall, the fundamental outlook remains strong and the technical trend is constructive, with ₹920–930 acting as the key breakout zone for the next leg higher.