New Delhi, Sept. 3 -- CG Power share price gained in intraday deals on Wednesday, September 3, extending its winning run to the fourth straight session today. During this period, the multibagger stock has risen nearly 14%.

CG Power share price hit a high of Rs.757.20 in trade today on the BSE, up 2.41%, despite a muted sentiment in the Indian stock market. Over the longer time frame, the Murugappa Group stock has emerged as a multibagger, delivering returns of as much as 3029% in five years.

The rally in CG Power shares, which started on August 29, came on the back of the company's update about the launch of its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, by its subsidiary CG Semi.

CG Power, in ...