CG Power - Good Q4 numbers, Bad Press Release

CG Power has posted good Q4FY21 numbers, while all results get intimated to the exchanges with press release by the respective company. Same was done by CG Power as well, vide its Press Release No. COSEC/51/2021-22 dated 11th June, 2021, by its Company Secretary and Compliance Officer, but with wrong dates given in the Company Update.

26-11-2020 was written as 26-11-2021 and 20-12-2020 was written as 20-12-2021 in one place for each, which reflects on the company and its senior executives, as the company is now belongs to reputed Murugappa Group and not Thapar Group.

Hope this is not the reason for the share to rule weak, while we expect company to issue a fresh Company Update. :)

This is not a buy or sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.