Buy Power Grid Corporation of India, target Rs 240: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Power Grid Corporation of India with a target price of Rs 240.

The current market price of Power Grid Corporation of India is Rs 217.65.

Time period given by the analyst is intraday when Power Grid Corporation of India price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 204.

Power Grid Corporation of India, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 1,12,348.39 Crore) operating in Power sector.

The company’s top management includes Mr.I S Jha, Mr.Jagdish I Patel, Mr.K Sreekant, Mr.Manoj Kumar Mittal, Mr.Prabhakar Singh, Mr.R P Sasmal, Mr.Ravi P Singh, Mr.Tse Ten Dorji, Ms.Shalini Prasad.

Company has S K Mittal & Co. as its auditors.

As on 30-09-2017, the company has a total of 5,231,589,648 shares outstanding.