{"id":354953,"date":"2020-06-02T10:59:23","date_gmt":"2020-06-02T05:29:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=354953"},"modified":"2020-06-02T11:19:23","modified_gmt":"2020-06-02T05:49:23","slug":"brokerage-firms-back-invit-indigrid-due-to-good-recent-performances","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brokerage-firms-back-invit-indigrid-due-to-good-recent-performances\/","title":{"rendered":"Brokerage firms back InvIT, IndiGrid due to good recent performances"},"content":{"rendered":"<p>Power sector InvIT, IndiGrid\u2019s recent performance has got a thumbs up from analyst firms. <\/p>\n<p>Equity research and brokerage house firm Edelweiss Securities has given a \u2018buy\u2019 rating for IndiGrid. This comes in the wake of a transmission asset acquisition coupled with strong FY20 performance. \u201cWe reaffirm confidence in IndiGrid\u2019s business model, which is backed by predictable cash flow, strong growth visibility and attractive 11.4 per cent investment return at the current price,\u201d noted Edelweiss. The brokerage firm has a \u2018buy\u2019 rating with a target price of \u20b9115. IndiGrid shares were trading at \u20b9100.25, down 1.28 per cent. <\/p>\n<p>IndiGrid has \u20b9300 crore in cash reserves and since the last 3 years has tripled its Assets Under Management (AUM) from around \u20b93,700 crore to \u20b912,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power sector InvIT, IndiGrid\u2019s recent performance has got a thumbs up from analyst firms. Equity research and brokerage house firm Edelweiss Securities has given a \u2018buy\u2019 rating for IndiGrid. This comes in the wake of a transmission asset acquisition coupled with strong FY20 performance. \u201cWe reaffirm confidence in IndiGrid\u2019s business model, which is backed by predictable cash flow, strong growth visibility and attractive 11.4 per cent investment return at the current price,\u201d noted Edelweiss. The brokerage firm has a \u2018buy\u2019 rating with a target price of \u20b9115. IndiGrid shares were trading at \u20b9100.25, down 1.28 per cent. IndiGrid has \u20b9300 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-354953","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=354953"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354953\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=354953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=354953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=354953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}