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    Buy Kalpataru Power, target price Rs 608: HDFC Securities

    Synopsis

    Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6365.87 Crore) operating in Power sector.

    buy
    Promoters held 54.55 per cent stake in the company as of 30-Jun-2021, while FIIs owned 7.3 per cent, DIIs 28.4 per cent.
    HDFC Securities has buy call on Kalpataru Power Transmissions with a target price of Rs 608.The current market price of Kalpataru Power Transmissions Ltd. is Rs 430.9.

    Time period given by analyst is one year when Kalpataru Power Transmissions Ltd. price can reach defined target.

    Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6365.87 Crore) operating in Power sector.

    Kalpataru Power Transmissions Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Others, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2020.


    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3218.00 Crore, down -21.59 % from last quarter Total Income of Rs 4104.00 Crore and up 37.82 % from last year same quarter Total Income of Rs 2335.00 Crore. Company reported net profit after tax of Rs 87.00 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 54.55 per cent stake in the company as of 30-Jun-2021, while FIIs owned 7.3 per cent, DIIs 28.4 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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