2 GENUSPOWER share price target reports by brokerages below. See what is analyst's view on GENUSPOWER share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
The stock is trading at 7.8x and 6.8x FY21E and FY22E earnings, respectively. We value the stock at 8x FY22E (in line with median PE of 7.6x). Thus, we arrive at a price target of Rs 32 (Rs 30 earlier). The Ministry of Power has given an outlay of Rs. 1.75 trn for installation of 250 mn smart meters by March 2023, thus for the next 3-4 years, the company foresees a lot of traction in smart meters. We maintain BUY as we remain positive on the smart meter opportunity in India.
The stock is trading at 6.8x and 6.5x FY20E and FY21E earnings respectively. We value the stock at 8x FY20E (long term average forward PE of 11.5x). Thus, we arrive at a price target of Rs 30 (Rs 32 earlier). Maintain BUY as we remain positive on the smart meter opportunity in India.
The stock is trading at 6.4x and 5.5x FY20E and FY21E earnings respectively. We value the stock at 10x FY20E (long term average forward PE of 11.5x). Thus, we arrive at a price target of Rs 32 (Rs 31 earlier). Since valuations have shrunk significantly in the past twelve months and coupled with good earnings visibility for FY20E, we maintain BUY.
The stock is trading at 8.5x and 7.8x FY20E and FY21E earnings respectively. We value the stock at 10x FY20E (earlier 14x FY20E) in view of general de-rating of the mid-cap stocks. Thus, we arrive at a price target of Rs 31 (Rs 40 earlier). Since valuations have shrunk significantly in the past twelve months and coupled with good earnings visibility for FY20E, we maintain BUY.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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