Should You Buy Torrent Power Share? by Motilal Oswal
Should You Buy Torrent Power Share ?
Downpour Power’s (TPW) 2QFY21 outcomes feature the effect of lower volumes on its appropriation establishment (DF) business alongside certain irregular charges.
PAT was down 32% YoY to INR3.2b while revealed PAT was down 73% YoY to INR2.1b.
TPW’s dispersion business has been affected by lower volumes because of the effect of COVID.
Torrent Power Share Analysis & Target Price
In any case, request and assortments have been recouping. Additionally, its good overall arrangement sheet should enable the organization to hold over. Keep up Buy with TP of INR380/share.
Torrent Power Share is one of the most in demand share of all time.