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Nov 3, 2017, 04.51 PM IST

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Buy Power Grid Corporation of India, target Rs 220: Kunal Bothra

ETMarkets.com|
Nov 02, 2017, 08.45 AM IST
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Independent analyst Kunal Bothra has a buy call on Power Grid Corporation of India with a target price of Rs 220.

The current market price of Power Grid Corporation of India is Rs 210.50.

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 205.

Power Grid Corporation of India, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 1,10,124.96 Crore) operating in Power sector.

Power Grid Corporation of India key Products/Revenue Segments include Transmission Revenue which contributed Rs 24,411.66 Crore to Sales Value (94.92 per cent of Total Sales), Consultancy Income which contributed Rs 582.43 Crore to Sales Value (2.26 per cent of Total Sales), Income From Telecom which contributed Rs 503.83 Crore to Sales Value (1.95 per cent of Total Sales) and Other Operating Revenue which contributed Rs 218.62 Crore to Sales Value (0.85 per cent of Total Sales)for the year ending 31-Mar-2017.

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.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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