CG Power and Industrial Solutions shares climb nearly 5%; here's why

The stock closed 4.73% higher at ₹750 apiece on the National Stock Exchange (NSE). Its market capitalisation stood at ₹118,119.09 crore.

The scrip has surged 3.26% in the past week and 5.65% in a month. Year to date, it has advanced 17.57%.

The stock touched a 52-week high of ₹797.55 on September 17, 2025, and a year’s low of ₹525.50 per unit on January 27, 2026.

Why did CG Power’s shares climb?

The increase in stock price comes after Axiro Semiconductor, a wholly owned unit of CG Power, along with Japan-based venture capital fund MPower Partners, announced an investment in Japanese fabless semiconductor company EdgeCortix, specialising in energy-efficient artificial intelligence (AI) processing, according to a regulatory filing.

The exchange filing, however, did not disclose the investment amount.

The fresh capital will help EdgeCortix boost the development and commercialisation of its next-generation platforms for generative and agentic AI, including its upcoming SAKURA-X chiplet-based platform.

"We are thrilled to support EdgeCortix as an investor and partner. We see alignment with EdgeCortix’s low-power, high-performance AI capabilities, including platforms such as SAKURA-II, and the potential to complement our work in advanced connectivity. This investment also aligns with our approach to strengthening our presence in telecom and wireless infrastructure while expanding into emerging application areas globally," Axiro CEO Naveen Yanduru said.

Dr Sakyasingha Dasgupta, Founder and CEO of EdgeCortix, said, "Beyond capital, both Axiro Semiconductor and MPower Partners bring unique strategic value to EdgeCortix. Axiro’s expertise in advanced wireless systems and strong presence across India’s industrial ecosystem open new pathways for collaboration and market expansion, while MPower’s deep network in Japan and global investment perspective support our continued growth and mission to deliver power-efficient, sustainable AI innovation."

Headquartered in Kanagawa, Japan, with operations in India and the US, EdgeCortix develops silicon and software platforms for real-time edge inference.