New Delhi, Oct. 27 -- CG Power and Industrial Solutions has rallied 29% in 2026, and its latest earnings have given investors further reason for optimism. But the bullishness around the stock goes beyond a strong quarter and a rising share price.

India's push to modernise its power grid, expand transmission networks and ramp up industrial capital expenditure is creating a multi-year growth opportunity for electrical equipment makers, with CG Power well-positioned to capitalise on the trend, according to analysts.

CG Power's consolidated net profit surged 44% to Rs.409.09 crore in the July-September quarter (Q2 FY27), up from Rs.284.44 crore a year earlier. Revenue from operations rose 30% year-on-year to Rs.3,801.54 crore.

Analysts hav...