Morgan Stanley initiates coverage on CG Power, sets Rs 799 target; stock jumps 4%

September 1, 2025

CG Power shares: Morgan Stanley initiated coverage on multibagger CG Power with an ‘Overweight’ rating and a ₹799 target, calling it a proxy for India’s manufacturing growth. Shares rose 4% after the call, with the brokerage citing strong positioning in motors, power systems.

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