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Car and General Kenya

Buy Car and General stocks

Car and General Kenya (NSE: CGEN) Stocks

Car & General Kenya Limited is a company that supplies power generation, automotive, engineering, and agricultural equipment in Kenya. The company also imports and markets global leader brands in various markets, including two- and three-wheeler vehicles, tractors, outboard engines, air compressors, laundry equipment, and water pumps.

 

Car and General Kenya stocks at a glance

🏢 Stock NameCar and General Kenya
🌐 CountryKenya
🏛️ Stock ExchangeNSE
📇 Stock SymbolCGEN
💰 CurrencyKES
📈 52 Week High44.75
📉 52 Week Low20.00

 

The company forms part of the Consumer Services Sector and the current executive leadership of Car & General Kenya Limited includes Nicholas Ng’ang’a as Non-Executive Chairman and Vijay Gidoomal as Managing Director and Executive Director.

 

 

What is Car and General Kenya

 

Today, Car & General Limited has subsidiary companies in Uganda and Tanzania, and branches in Arusha and Rwanda where it is the main distributor of diesel generators, engines, and parts for Cummins in Kenya, Uganda, Tanzania, Rwanda, Ethiopia, Eritrea, Djibouti, Seychelles, South Sudan, and Somalia.

In Tanzania, Car & General Kenya Limited manages Kibo Poultry Products Limited, one of the oldest chicken broiler farms in Africa.

Car & General Kenya Limited’s history can be traced back to 1936 when it was founded in Nakuru, Kenya. The company was listed on 1 January 1950.

Car and General Kenya Limited has a diversified portfolio in several sectors of the value chain. Its operating segments include Trade and workshop, Poultry, and Investment properties. Trade and workshop is engaged in sales and service of power equipment, household goods, agricultural tractors and implements, marine engines, motorcycles, motor cars, three-wheeler vehicles, commercial laundry equipment, commercial engines, and general goods.

The Poultry segment is engaged in day-old chick farming, and the Investment properties is engaged in property rentals.

Car & General Kenya Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol CGEN.

Car & General Kenya Limited has its headquarters in Nairobi, Kenia and its portfolio of products and services include the sales and service of power equipment, household goods, agricultural tractors and implements, marine engines, motorcycles, motor cars, three-wheeler vehicles, commercial laundry equipment, commercial engines, and general goods.

 

Car and General Kenya stock performance

 

The current price for Car & General Kenya Limited stocks is 33.50 KES. The company has a total market capitalization of 1,307,367,841 KES, revenue of 12,117.98 million KES, and Net Income Before Taxes of 129.84 million KES.

An analysis of financial data showed that CGEN closed its trading day on Thursday, September 9, 2022, at 33.50 KES per share on the Nairobi Securities Exchange (NSE), recording a 4.3% drop from its previous closing price of 35.00 KES. Shareholders can be optimistic about CGEN knowing the stock has accrued 6% over the recent four-week period, the 17th best on the NSE.

With an increase of earnings per share and consistent profits over time, investors who want to buy or sell Car & General Kenya Limited stocks can be assured of lucrative dividends and earnings in quarters to come.

According to an analysis on the live chart of Car & General Kenya Limited, analysts forecast further improved performance for the Consumer Services sector with market share growing as trading volumes increase.

 


 

Highlights of Car and General Kenya in 2022

 

Car & General Kenya Limited started the year with a share price of 22.00 KES, and it has gained 52.3 % in value on its price valuation, ranking it third on NSE where year-to-date performance is concerned.

Car & General Kenya Limited is currently the 54th most-traded stock on NSE and over the three months from June to September 2022 it has experienced a total trading volume of more than 36,500 shares, which were finalized in 67 deals, which were valued at a total of 1.15 million KES, with an average of 579 shares in each trading session. During the same period, Car & General Kenya Limited experienced a volume high of 13,000 on 13 July.

 

How to buy Car and General Kenya stocks – Step by Step

 

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade Car & General Kenya Limited stocks, traders and investors can follow a few simple steps:

  1. Step 1 – Find the share that you want to buy, in this case, “CGEN”.
  2. Step 2 – Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  3. Step 3 – Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Step 4 – Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Step 5 – You can now make your first share purchase through the broker.
  6. Step 6 – You can then build and diversify your portfolio by buying more shares.

 


 

FAQs

What is the NSE

The Nairobi Securities Exchange was established in 1954 as the Nairobi Stock Exchange, based in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya.

 

On which stock exchange does Car & General Kenya Limited have shares for sale?

Car & General Kenya Limited trades its equity on the Nairobi Securities Exchange (NSE) under the stock symbol CGEN.

 

What type of company is Car & General Kenya Limited?

Car & General Kenya Limited supplies power generation, automotive, engineering, and agricultural equipment in Kenya.

 

In which industry and sector do Car & General Kenya Limited operate?

Car & General Kenya Limited forms part of the Auto and Truck Manufacturers Industry and the Consumer Services Sector.

 

What is the price of Car & General Kenya Limited shares today?

At the time of writing, the current price of Car & General Kenya Limited shares was 33.50 KES.

 

Is Car & General Kenya Limited a good investment?

Yes, Car & General Kenya Limited’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for Car & General Kenya Limited?

Car & General Kenya Limited saw a 52-week high share price of 35.40 KES and a 52 week low of 20.00 KES, a 52-week change of  39.02%, and a Year to date change of 48.18%.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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