Get App
Last Updated : Mar 20, 2019 03:41 PM IST | Source:

Buy Torrent Power; target of Rs 315: Motilal Oswal

Motilal Oswal is bullish on Torrent Power has recommended buy rating on the stock with a target price of Rs 315 in its research report dated March 19, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Motilal Oswal's research report on Torrent Power

Torrent Power (TPL) is engaged in the distribution and generation of electricity. The company has installed generation capacity of 3.7GW and under-construction capacity of 0.8GW. TPL is the sole electricity distributor to the cities of Ahmedabad (incl. Gandhinagar), Surat, Bhiwandi and Agra, with a distribution reach of over 1,


The stock trades attractively at ~1.2x FY21E P/BV. We initiate coverage on the stock with a Buy rating. Higher LNG prices and lower wind PLF, however, are the potential risk factors.

For all recommendations report, click here

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

First Published on Mar 20, 2019 03:41 pm
More From
Follow us on
Available On
PCI DSS Compliant