CG Consumer Electricals (CGCEL) has delivered an in-line performance in 2QFY19 aided by strong growth in Electrical Consumer Division (+14.6% YoY) offset by poor performance in lighting segment (- 3.8% YoY). In line with our estimate, while its total income grew by 8.7% YoY, while net profit grew by 8.6% YoY. Expected double-digit growth in light electrical industry continues to augur well for CGCEL, in our view. Valuing at 35x P/E to its FY20E EPS, we maintain our BUY...