Indian Stocks News - Your Guide To Stocks, Investments and Money - Homepage
 
Powered By
Home Stocks To Buy Stock Tips Stock Trading Investment Growth Stock Penny Stocks To Buy   Mutual Funds
| Share

Tuesday, May 25, 2010

Stock Report - Torrent Power

Stock market investment research team of one of the stock trading broker is bullish onTorrent Power. This is a stock tip based on their equity research report.
Hem Securities has come out with a stock research report on Torrent Power. The broking firm has recommended to buy stocks of torrent power with a price target of Rs 460, in its recent stock report.

The report says, "Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs 45 billion Torrent Group – a group committed to its mission of transforming life by serving two of the most critical needs - Healthcare and Power."

Market Cap 14882.12
* EPS (TTM) 17.71
* P/E 17.79
* P/C 12.70
* Book Value 86.15
* Price/Book 3.66
Div(%) 20.00%
* Div Yield(%) 0.63
Market Lot 1.00
Face Value 10.00
Industry P/E 25.11

The company is running at a P/E multiple of 17.93x to its EPS of Rs.17.72. The company is lined up with big orders in hand such as the power plant at Dahej and the Distribution Franchisee. The company has posted whopping results with a surge in its operating profit margin and net profit margin from the previous financial year. We are positive on the stock and recommend to buy stocks with a medium-term time horizon with a price target of Rs 460.

No comments:

Post a Comment

Leave Your Opinion Here... (All comments are manually moderated)