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Last Updated : Feb 04, 2019 01:24 PM IST | Source: Moneycontrol.com

Buy Power Grid Corporation; target of Rs 245: Dolat Capital

Dolat Capital is bullish on Power Grid Corporation has recommended buy rating on the stock with a target price of Rs 245 in its research report dated February 01, 2019.

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Dolat Capital's research report on Power Grid Corporation


PGCIL is a good defensive stock, with growth built in by the strong capitalisation outlook over the next three years. Regulatory overhang has also passed with the draft tariffs retaining RoEs at 15.5%.


Outlook


We maintain a Buy rating with TP of ` 245 with valuation at P/BV 1.7x FY20E.


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.




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First Published on Feb 4, 2019 01:24 pm
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