Buy Power Grid, target price Rs 242: Motilal Oswal
Motilal Oswal has buy call on Power Grid with a target price of Rs 242. The current market price of Power Grid Corporation of India Ltd. NSE -1.98 % is Rs 230.35.
Power Grid Corporation of India Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 120431.19 Crore) operating in Power sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 10359.48 Crore, up 5.38 % from last quarter Total Income of Rs 9831.00 Crore and up 8.58 % from last year same quarter Total Income of Rs 9541.13 Crore. Company reported net profit after tax of Rs 3311.62 Crore in latest quarter.
