Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Buy Torrent Power; target of Rs 392: Motilal Oswal

Motilal Oswal is bullish on Torrent Power recommended buy rating on the stock with a target price of Rs 392 in its research report dated August 07, 2020.

August 11, 2020 / 07:02 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Motilal Oswal 's research report on Torrent Power

Torrent Power (TPW)'s results highlight the impact of lower volumes on its Distribution Franchise (DF) business. Reported EBITDA, though, was up 16% YoY to INR9.7b, led primarily by a one-off APTEL order benefit of INR2.5b. The co.'s Distribution business has been impacted by lower volumes due to the impact of COVID-19.

Outlook

However, demand and collections have been recovering, and a healthy balance sheet would help tide over this wave. Maintain Buy, with TP of INR392/sh.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 11, 2020 06:59 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347