Torrent Power Ltd
TORNTPOWER

177.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

177.05

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

176.10

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 166.90

Last updated on 23-Nov-2016

We recommend an ACCUMULATE on the stock as we see revenue growth leading to a 12% improvement in PAT in FY17E. This will be driven by higher utilization at projects and improved access to fuel. The stock is currently trading at FY17E P/E multiple of 8.4x and EV/EBITDA of 4.6x. (Target Price = Rs.176.8)
Detailed View
50 DMA (.)
175.26
100 DMA (.)
176.92
200 DMA (.)
194.54
Weekly Range (.)
169.75
180.00
Monthly Range (.)
159.30
182.50
52 Weeks Range (.)
159.30
252.70
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