STOCK MARKET

Buy Kalpataru Power, target price Rs 608: HDFC Securities

HDFC Securities has buy call on Kalpataru Power Transmissions with a target price of Rs 608.The current market price of Kalpataru Power Transmissions Ltd. is Rs 430.9.

Time period given by analyst is one year when Kalpataru Power Transmissions Ltd. price can reach defined target.

Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6365.87 Crore) operating in Power sector.

Kalpataru Power Transmissions Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Others, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3218.00 Crore, down -21.59 % from last quarter Total Income of Rs 4104.00 Crore and up 37.82 % from last year same quarter Total Income of Rs 2335.00 Crore. Company reported net profit after tax of Rs 87.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.55 per cent stake in the company as of 30-Jun-2021, while FIIs owned 7.3 per cent, DIIs 28.4 per cent.

Source :
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top