Sell Indus Towers Limited and Power Grid Corporation of India Limited

Sell Indus Towers Limited:

Indus Towers Ltd has officially announced a consolidated sales of Rs. 4,141.60 Cr for the third quarter finished on 31-12-2020, which is 131.56% up from its previous quarter sales of Rs. 1,788.60 Cr and 145.87% up from its previous year same quarter sales of Rs. 1,684.50 Cr. The company has reported a net profit after tax of Rs. 703.00 Cr in the previous quarter.

Outlook:

Indus Towers Ltd: Experts suggested sell call at current market price: Rs. 245.20 with a target price: Rs. 235; Stoploss: Rs. 248.

Sell Power Grid Corporation of India Limited:

Power Grid Corporation of India Ltd has officially announced a consolidated sales of Rs. 10,359.48 Cr for the third quarter finished on 31-12-2020, which is 5.38% up from its previous quarter sales of Rs. 9,831.00 Cr and 8.58% down from its previous year same quarter sales of Rs. 9,541.13 Cr. The company has reported a net profit after tax of Rs. 3,311.62 Cr in the previous quarter.

Outlook:

Power Grid Corporation of India Ltd: Experts suggested sell call at current market price: Rs. 215.65 with a target price: Rs. 210; Stoploss: Rs. 218.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.