Reduce Torrent Power, target price Rs 409: ICICI Securities
ICICI Securities has reduce call on Torrent Power NSE -1.20 % with a target price of Rs 409. The current market price of Torrent Power Ltd. is Rs 454.25. Time period given by analyst is one year when Torrent Power price can reach defined target.
Torrent Power Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 21916.13 Crore) operating in Power sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3135.23 Crore, up .60 % from last quarter Total Income of Rs 3116.54 Crore and up 3.07 % from last year same quarter Total Income of Rs 3041.72 Crore. Company reported net profit after tax of Rs 207.78 Crore in latest quarter.
