NSE: CGPOWER · 15 October 2026
- CG Power and Industrial Solutions Limited shares fell 2.69% today, trading near the lower end of their intraday range between ₹826.20 and ₹845.00 after opening at ₹845.00.
- CG Power and Industrial Solutions Limited informed exchanges that Mr. Ajay Jain, Vice President of the Transformer Business, tendered his resignation effective from the close of business hours on 30th September 2026 due to personal reasons, thereby ceasing to be part of the company's senior management personnel.
- Trading volume was 0.39 times the 20-day average daily volume.
Why is Cg Power And Ind Sol share price falling on 15 October 2026?
CG Power and Industrial Solutions Limited shares fell 2.69% today, trading near the lower end of their intraday range between ₹826.20 and ₹845.00 after opening at ₹845.00.
While the broader Nifty index advanced 0.71% during the session, CG Power faced persistent selling pressure, adding to a negative short-term trend that includes a 7.10% decline over the past 5 trading days and a 3.15% drop over the last 20 trading days.
The downward price action unfolds against a backdrop of recent operational transitions, including the resignation of Ajay Jain, Vice President of the Transformer Business, effective 30-Sep-2026. While management changes and ongoing tax litigation updates provide backdrop context for the company's capital goods operations, no single immediate catalyst was announced today to directly trigger the session's decline.
8.73 lakh shares traded by 15 October 2026 · 09:45 AM IST. This compares with a 20-day average daily volume of 22.20 lakh shares (0.39 times). The five-day average daily volume was 19.41 lakh shares. Separately, the NSE report for 14 October 2026 showed 7.84 lakh shares delivered, representing 45.51% of that day’s traded volume. The same report recorded 41,874 trades.
The stock's decline appears driven by continued profit-taking and technical weakness, following a 7.10% pullback over the past 5 trading days. In the absence of any fresh same-day negative announcements, the move reflects prevailing selling momentum.
Latest Company Developments
CG Power and Industrial Solutions Limited informed exchanges that Mr. Ajay Jain, Vice President of the Transformer Business, tendered his resignation effective from the close of business hours on 30th September 2026 due to personal reasons, thereby ceasing to be part of the company's senior management personnel.
Changes in key vertical leadership can introduce transitional execution risks for core manufacturing divisions.
The company received an updated stay order from the Income Tax Department regarding a revised tax demand of ₹2,15,59,04,546 for Assessment Year 2022-23 following an earlier revision. The tax authority granted a stay on the balance demand pending appeal before the CIT(A), subject to depositing 20% of the disputed demand including ₹30 crores payable across five instalments.
Resolving interim stay conditions provides clarity on short-term cash flow outflows while the substantive tax appeal remains pending.
CG Power announced the rollout of its first transformer from India's largest transformer manufacturing facility located in Sehore, Madhya Pradesh, strengthening the company's power infrastructure manufacturing capabilities.
Expands production capacity in high-voltage segments to capture growing demand from domestic and international power utilities.
CG Power and Industrial Solutions Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
a press release dated September 04, 2026, titled "CG strengthens India s power infrastructure manufacturing capabilities with the roll out of first transformer from India s largest transformer manufacturing facility at Sehore, Madhya Pradesh ".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 9.93% on 30 June 2026. This compares with 9.45% on 31 March 2026, a change of +0.48 percentage points.
The filing reported 42 MF/UTI holders.
What to Watch Next
- Upcoming financial results for the quarter and half year ended 30th September 2026 scheduled for review on 23rd October 2026
- Execution progress and revenue realization from the newly operational Sehore transformer manufacturing facility
- Delivery volumes and participation levels relative to the 20-day average volume benchmark
- Developments regarding the ongoing appeal before the CIT(A) concerning the income tax assessment demand
Other Dated Coverage
- Cg Power And Ind Sol Share Price Today: Why CGPOWER Is Falling 1.92% | 7 October 2026 — 7 October 2026
- Why CG Power Shares Are Rising 3.37% Today | 6 October 2026 — 6 October 2026
- Why CG Power Shares Are Rising 2.90% Today Amid High Volume | 1 October 2026 — 1 October 2026
More Cg Power And Ind Sol news and dated analysis →
Frequently Asked Questions
What is the latest Cg Power And Ind Sol company news?
CG Power and Industrial Solutions Limited informed exchanges that Mr. Ajay Jain, Vice President of the Transformer Business, tendered his resignation effective from the close of business hours on 30th September 2026 due to personal reasons, thereby ceasing to be part of the company's senior management personnel.
How strong was Cg Power And Ind Sol’s trading volume?
8.73 lakh shares traded, 0.39 times the 20-day average daily volume. The price and volume data are dated 15 October 2026 · 09:45 AM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.