Stratzy's Stock Idea: Buy Torrent Power with Target Rs 1416
Stratzy has buy call on Torrent Power with a target price of Rs 1416. The current market price of Torrent Power is Rs 1240.2
About Torrent Power:
Torrent Power is a leading Indian integrated power utility company, engaged in generation, transmission, and distribution of electricity. It has a total installed capacity of over 4,500 MW, with a diverse portfolio of thermal, renewable, and gas-based power plants. Torrent Power distributes electricity to over 3.5 million customers in Gujarat, Maharashtra, and Dadra & Nagar Haveli. The company is known for its efficient operations, commitment to sustainability, and strong financial performance. It is listed on the National Stock Exchange of India (NSE) and is a part of the Torrent Group, a diversified conglomerate with businesses in power, gas, pharmaceuticals, and financial services.
52 Week Price Trend:
TORNTPOWER's current market price (CMP) stands at Rs 1240.2, near its 52-week high of Rs 1236.95. This indicates that the stock has been performing well recently, staying close to its highest price point of the past year. However, the 52-week low of Rs 484.2 suggests that the stock has experienced significant fluctuations within the past year. Investors should carefully consider these price ranges and conduct due diligence before making any investment decisions.
Stratzy's Analysis:
Stratzy's MOST framework assigns TORNTPOWER a BBB rating, indicating medium fundamental risks. This rating is derived from assessments of management, outlook, safety, and trend factors. The BBB rating suggests that while TORNTPOWER has some strengths, there may also be areas of concern that investors should consider before making investment decisions.
Company's Fundamentals:
Torrent Power (TORNTPOWER), a listed company on the National Stock Exchange (NSE), is currently trading at a price-to-earnings (PE) ratio of 28.96. This means that investors are willing to pay 28.96 times the company's annual earnings for each share they buy. The price-to-book (PB) ratio of 4.53 indicates that the market value of the company's assets is 4.53 times its book value, suggesting that the company may be undervalued based on its assets. Additionally, the dividend yield of 1.16% implies that investors receive an annual dividend of 1.16% for each share they own, indicating a moderate income stream from the company.
Fundamental and Technical information provided in this blog were last updated on 16 Mar, 2024
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