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Buy Power Grid Corporation of India, target Rs 205: Manas Jaiswal

Buy Power Grid Corporation of India Ltd. at a price target of Rs 205.0 and a stoploss at Rs 194 from entry point.

ETMarkets.com|
Updated: Jun 19, 2019, 09.04 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Power Grid Corporation of India Ltd. with a target price of Rs 205. The current market price of Power Grid Corporation of India Ltd. is Rs 197.7. Time period given by the analyst is Intra Day when Power Grid Corporation of India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 194. Power Grid Corporation of India Ltd., incorporated in 1989, has a market cap of Rs 103428.53 crore.

Power Grid Corporation of India Ltd. key Products/Revenue Segments include Transmission Revenue which contributed Rs 28447.16 Crore to Sales Value (95.61 % of Total Sales), Consultancy Income which contributed Rs 662.18 Crore to Sales Value (2.22 % of Total Sales), Income From Telecom which contributed Rs 606.59 Crore to Sales Value (2.03 % of Total Sales) and Other Operating Revenue which contributed Rs 36.53 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 9218.08 Crore, up 8.82 % from last quarter Sales of Rs 8471.17 Crore and up 18.01 % from last year same quarter Sales of Rs 7811.32 Crore Company has reported net profit after tax of Rs 3053.96 Crore in latest quarter. The company’s top management includes Mr.Ghanshyam Prasad, Mr.I S Jha, Mr.Jagdish I Patel, Mr.K Sreekant, Mr.Manoj Kumar Mittal, Mr.Rajeev Kumar Chauhan, Mr.Ravi P Singh, Mr.Sunil Kumar Sharma, Mr.Tse Ten Dorji, Mrs.A R Mahalakshmi, Mrs.Seema Gupta. Company has S K Mittal & Co. as its auditoRs As on 31-03-2019, 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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