Buy Power Grid Corporation, target Rs 228: Kunal Bothra
Synopsis
Buy Power Grid Corporation of India Ltd. at a price target of Rs 228 and a stop loss at Rs 210 from entry point.
By ETMarkets.com
Independent analyst Kunal Bothra has a buy call on Power Grid Corporation of India with a target price of Rs 228.
Time period given by analyst is intraday when Power Grid Corporation of India price can reach defined target.
Kunal Bothra recommended to keep stoploss at Rs 210.
Power Grid Corporation of India, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 112479.18 crore) operating in Power sector.
Power Grid Corporation of India key Products/Revenue Segments include Transmission Revenue which contributed Rs 19877.08 crore to Sales Value (95.55 % of Total Sales), Consultancy Income which contributed Rs 465.46 crore to Sales Value (2.23 % of Total Sales), Income From Telecom which contributed Rs 392.25 crore to Sales Value (1.88 % of Total Sales) and Interest which contributed Rs 67.43 crore to Sales Value (0.32 % of Total Sales)for the year ending 31-Mar-2016.
For the quarter ended 31-03-2017, the company has reported a Standalone sales of Rs 6712.04 crore, up 3.25% from last quarter Sales of Rs 6500.95 crore and up 16.92% from last year same quarter Sales of Rs 5740.51 crore.
The company’s top management includes Dr.Pradeep Kumar, Mr.I S Jha, Mr.Jagdish I Patel, Mr.K Sreekant, Mr.Prabhakar Singh, Mr.Ravi P Singh, Mr.Tse Ten Dorji, Mrs.Joyti Arora. Company has S K Mittal & Co. as its auditors. As on 30-06-2017, the company has a total of 5,231,589,648 shares outstanding.
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The current market price of Power Grid Corporation of India is Rs 216.6.Time period given by analyst is intraday when Power Grid Corporation of India price can reach defined target.
Kunal Bothra recommended to keep stoploss at Rs 210.
Power Grid Corporation of India, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 112479.18 crore) operating in Power sector.
Power Grid Corporation of India key Products/Revenue Segments include Transmission Revenue which contributed Rs 19877.08 crore to Sales Value (95.55 % of Total Sales), Consultancy Income which contributed Rs 465.46 crore to Sales Value (2.23 % of Total Sales), Income From Telecom which contributed Rs 392.25 crore to Sales Value (1.88 % of Total Sales) and Interest which contributed Rs 67.43 crore to Sales Value (0.32 % of Total Sales)for the year ending 31-Mar-2016.
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For the quarter ended 31-03-2017, the company has reported a Standalone sales of Rs 6712.04 crore, up 3.25% from last quarter Sales of Rs 6500.95 crore and up 16.92% from last year same quarter Sales of Rs 5740.51 crore.
Stocks Recommendations
The company’s top management includes Dr.Pradeep Kumar, Mr.I S Jha, Mr.Jagdish I Patel, Mr.K Sreekant, Mr.Prabhakar Singh, Mr.Ravi P Singh, Mr.Tse Ten Dorji, Mrs.Joyti Arora. Company has S K Mittal & Co. as its auditors. As on 30-06-2017, the company has a total of 5,231,589,648 shares outstanding.
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