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Torrent Power jumps on foraying into Electric Mobility Infrastructure Sector Torrent Power is currently trading at Rs. 619.20, up by 15.35 points or 2.54% from its previous closing of Rs. 603.85 on the BSE. The scrip opened at Rs. 614.95 and has touched a high and low of Rs. 633.95 and Rs. 613.30 respectively. So far 45323 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 745.00 on 08-Jun-2023 and a 52 week low of Rs. 430.90 on 30-Jan-2023. Last one week high and low of the scrip stood at...
Torrent Power jumps on foraying into Electric Mobility Infrastructure Sector
Torrent Power jumps on foraying into Electric Mobility Infrastructure Sector
Source: Accord Fintech
25/07/2023 11:27:00 AM
Torrent Power jumps on commissioning 115 MW Wind Power Project in Gujarat Torrent Power is currently trading at Rs. 631.30, up by 13.35 points or 2.16% from its previous closing of Rs. 617.95 on the BSE. The scrip opened at Rs. 617.35 and has touched a high and low of Rs. 636.05 and Rs. 617.35 respectively. So far 34787 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 745.00 on 08-Jun-2023 and a 52 week low of Rs. 430.90 on 30-Jan-2023. Last one week high and low of the scrip stood at...
Torrent Power jumps on commissioning 115 MW Wind Power Project in Gujarat
Torrent Power jumps on commissioning 115 MW Wind Power Project in Gujarat
Source: Accord Fintech
19/07/2023 2:07:29 PM
Gujarat firm to build 3 PSH power plants of 5,700 MW in Maharashtra In a significant development for the state power sector, Torrent Power Ltd. Gujarat will construct three Pumped Storage Hydro (PSH) projects of 5,700-MW, costing around Rs 27,000 crore, in Maharashtra, an official said here on Wednesday. The Maharashtra government has inked an MoU with TPL, Ahmedabad, in the presence of Deputy Chief Minister Devendra Fadnavis, for the project which is expected to generate around 13,500 jobs during the five-year long construction period. The projects sha...
Gujarat firm to build 3 PSH power plants of 5,700 MW in Maharashtra
Gujarat firm to build 3 PSH power plants of 5,700 MW in Maharashtra
Source: IANS
8/06/2023 10:08:53 AM
Torrent Power shines on signing MoU with Government of Maharashtra Torrent Power is currently trading at Rs. 655.00, up by 43.35 points or 7.09% from its previous closing of Rs. 611.65 on the BSE. The scrip opened at Rs. 634.35 and has touched a high and low of Rs. 666.00 and Rs. 630.00 respectively. So far 61619 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 666.00 on 07-Jun-2023 and a 52 week low of Rs. 430.90 on 30-Jan-2023. Last one week high and low of the scrip stood at...
Torrent Power shines on signing MoU with Government of Maharashtra
Torrent Power shines on signing MoU with Government of Maharashtra
Source: Accord Fintech
7/06/2023 9:56:41 AM
Torrent Power trades higher on planning to raise Rs 3,000 crore through NCDs Torrent Power is currently trading at Rs. 533.20, up by 4.40 points or 0.83% from its previous closing of Rs. 528.80 on the BSE. The scrip opened at Rs. 534.95 and has touched a high and low of Rs. 534.95 and Rs. 521.70 respectively. So far 2562 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 419.60 on 26-May-2022. Last one week high and low of the scrip stood at R...
Torrent Power trades higher on planning to raise Rs 3,000 crore through NCDs
Torrent Power trades higher on planning to raise Rs 3,000 crore through NCDs
Source: Accord Fintech
23/05/2023 3:19:49 PM
Torrent Power jumps on incorporating wholly owned subsidiary Torrent Power is currently trading at Rs. 551.00, up by 8.60 points or 1.59 % from its previous closing of Rs. 542.40 on the BSE. The scrip opened at Rs. 542.40 and has touched a high and low of Rs. 552.00 and Rs. 539.70 respectively. So far 7061 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at ...
Torrent Power jumps on incorporating wholly owned subsidiary
Torrent Power jumps on incorporating wholly owned subsidiary
Source: Accord Fintech
28/04/2023 11:23:57 AM
Torrent Power trades marginally higher on incorporating wholly owned subsidiary Torrent Power is currently trading at Rs 538.20, up by 0.45 points or 0.08% from its previous closing of Rs. 537.75 on the BSE. The scrip opened at Rs. 530.30 and has touched a high and low of Rs. 538.30 and Rs. 530.30 respectively. So far 1161 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at Rs...
Torrent Power trades marginally higher on incorporating wholly owned subsidiary
Torrent Power trades marginally higher on incorporating wholly owned subsidiary
Source: Accord Fintech
21/04/2023 10:28:01 AM
Torrent Power gains on incorporating Wholly Owned Subsidiary Torrent Power is currently trading at Rs. 537.00, up by 3.30 points or 0.62% from its previous closing of Rs. 533.70 on the BSE. The scrip opened at Rs. 528.30 and has touched a high and low of Rs. 538.10 and Rs. 528.30 respectively. So far 289 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at Rs...
Torrent Power gains on incorporating Wholly Owned Subsidiary
Torrent Power gains on incorporating Wholly Owned Subsidiary
Source: Accord Fintech
20/04/2023 9:58:13 AM
Torrent Power gains on securing contract to supply 920 MW gas based electricity Torrent Power is currently trading at Rs. 538.00, up by 2.60 points or 0.49% from its previous closing of Rs. 535.40 on the BSE. The scrip opened at Rs. 537.00 and has touched a high and low of Rs. 545.00 and Rs. 535.90 respectively. So far 4119 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at R...
Torrent Power gains on securing contract to supply 920 MW gas based electricity
Torrent Power gains on securing contract to supply 920 MW gas based electricity
Source: Accord Fintech
13/04/2023 12:07:29 PM
Torrent Power shines on reporting 88% rise in Q3 consolidated net profit Torrent Power is currently trading at Rs. 498.20, up by 41.30 points or 9.04% from its previous closing of Rs. 456.90 on the BSE. The scrip opened at Rs. 485.05 and has touched a high and low of Rs. 505.30 and Rs. 482.40 respectively. So far 222917 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood a...
Torrent Power shines on reporting 88% rise in Q3 consolidated net profit
Torrent Power shines on reporting 88% rise in Q3 consolidated net profit
Source: Accord Fintech
15/02/2023 1:45:34 PM
Paytm launches Bijlee Days, offers up to 100% cashback on electricity bill payments for over 70 operators Paytm launches Bijlee Days, offers up to 100% cashback on electricity bill payments for over 70 operators   ?     Offers 100% cashback up to ?2,000 to at least 50 eligible users and assured discount vouchers between 10-15th of every month on electricity bill payments ?     Enables payments through Paytm UPI, Paytm Wallet, credit cards, debit cards and netbanking. ?     Provides timely alerts so that us...
Paytm launches Bijlee Days, offers up to 100% cashback on electricity bill payments for over 70 operators
Paytm launches Bijlee Days, offers up to 100% cashback on electricity bill payments for over 70 operators
Source: PR Agency
14/12/2022 5:57:15 PM
Stock Picks - Torrent Power Ltd And TVS Motors Ltd By ICICI Direct Torrent Power Ltd Buy Torrent Power Ltd @ 525.00-527.00 CMP 525.15 Stop Loss 520.70 Target 530.90/536.00   TVS Motors Ltd Buy TVS Motors Ltd @ 1058.00-1062 CMP 1048.45 Stop Loss 1070.30 Target 1049.70/1039.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number I...
Stock Picks - Torrent Power Ltd And TVS Motors Ltd By ICICI Direct
Stock Picks - Torrent Power Ltd And TVS Motors Ltd By ICICI Direct
Source: ICICI Direct
22/11/2022 11:52:38 AM
Stock Picks - Larsen & Toubro Ltd And Torrent Power Ltd By ICICI Direct Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 2020-2024 CMP 2024.45 Stop Loss 1999.70 Target 2039.70/2058.00   Torrent Power Ltd Buy Torrent Power Ltd @ 517-519 CMP 518.55 Stop Loss 512.70 Target 523.00/528.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Re...
Stock Picks - Larsen & Toubro Ltd And Torrent Power Ltd By ICICI Direct
Stock Picks - Larsen & Toubro Ltd And Torrent Power Ltd By ICICI Direct
Source: ICICI Direct
2/11/2022 11:22:19 AM
Reduce Torrent Power Ltd For Target Rs.502- ICICI Securities Torrent Power’s (TPW) Q1FY23 numbers were bolstered by good performance in the distribution business, particularly franchised distribution (DF), and renewables. On YoY basis, AT&C losses reduced while power sales exceeded pre-covid levels in all DF areas. DL businesses earned higher RoE and incentives. RE segment’s contribution to profit was higher YoY due to higher PLFs and capacity addition from recent acquisitions. On consolidated basis, revenues surged 110% YoY to Rs65.1bn...
Reduce Torrent Power Ltd For Target Rs.502- ICICI Securities
Reduce Torrent Power Ltd For Target Rs.502- ICICI Securities
Source: ICICI Securities Ltd
1/10/2022 11:22:53 AM
Torrent Power gains on reporting 2-fold jump in Q1 consolidated net profit Torrent Power is currently trading at Rs. 549.60, up by 0.85 points or 0.15% from its previous closing of Rs. 548.75 on the BSE. The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 564.45 and Rs. 544.35 respectively. So far 42554 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at ...
Torrent Power gains on reporting 2-fold jump in Q1 consolidated net profit
Torrent Power gains on reporting 2-fold jump in Q1 consolidated net profit
Source: Accord Fintech
10/08/2022 12:02:41 PM
Torrent Power gains on acquiring Wind Two Renergy for Rs 32.51 crore Torrent Power is currently trading at Rs. 529.25, up by 4.70 points or 0.90% from its previous closing of Rs. 524.55 on the BSE. The scrip opened at Rs. 528.00 and has touched a high and low of Rs. 532.00 and Rs. 525.10 respectively. So far 3500 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at R...
Torrent Power gains on acquiring Wind Two Renergy for Rs 32.51 crore
Torrent Power gains on acquiring Wind Two Renergy for Rs 32.51 crore
Source: Accord Fintech
1/08/2022 10:47:03 AM
Torrent Power surges on planning to increase renewable energy portfolio Torrent Power is currently trading at Rs. 516.80, up by 19.55 points or 3.93% from its previous closing of Rs. 497.25 on the BSE. The scrip opened at Rs. 501.00 and has touched a high and low of Rs. 517.70 and Rs. 500.50 respectively. So far 23813 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at...
Torrent Power surges on planning to increase renewable energy portfolio
Torrent Power surges on planning to increase renewable energy portfolio
Source: Accord Fintech
18/07/2022 12:10:33 PM
Torrent Power trades in green on the BSE Torrent Power is currently trading at Rs. 496.40, up by 6.85 points or 1.40 % from its previous closing of Rs. 489.55 on the BSE. The scrip opened at Rs. 498.90 and has touched a high and low of Rs. 498.90 and Rs. 490.45 respectively. So far 6954 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at ...
Torrent Power trades in green on the BSE
Torrent Power trades in green on the BSE
Source: Accord Fintech
15/07/2022 2:24:28 PM
Torrent Power surges on receiving LoA from SECI Torrent Power is currently trading at Rs. 486.85, up by 5.25 points or 1.09% from its previous closing of Rs. 481.60 on the BSE. The scrip opened at Rs. 485.50 and has touched a high and low of Rs. 490.15 and Rs. 482.75 respectively. So far 4628 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at R...
Torrent Power surges on receiving LoA from SECI
Torrent Power surges on receiving LoA from SECI
Source: Accord Fintech
14/07/2022 2:48:49 PM
Torrent Power rises on completing acquisition of 50 MW Solar Power Plant from SkyPower Group Torrent Power is currently trading at Rs. 462.50, up by 5.90 points or 1.29% from its previous closing of Rs. 456.60 on the BSE. The scrip opened at Rs. 455.25 and has touched a high and low of Rs. 464.75 and Rs. 455.25 respectively. So far 11824 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 416.00 on 19-May-2022. Last one week high and low of the scrip stood at ...
Torrent Power rises on completing acquisition of 50 MW Solar Power Plant from SkyPower Group
Torrent Power rises on completing acquisition of 50 MW Solar Power Plant from SkyPower Group
Source: Accord Fintech
14/06/2022 10:32:55 AM
Add Torrent Power Ltd For Target Rs.488- ICICI Securities Distribution outperforms; gas uncertainty continues Torrent Power’s (TPW) Q4FY22 numbers were boosted by good performance of the distribution businesses, which saw substantial loss-reduction while power demand reverted to pre-covid levels, and one-time gains. On consolidated basis, revenues were up 21.4% YoY to Rs37.4bn and EBITDA up 8.3% YoY to Rs9.9bn. While TPW reported a loss of Rs4.9bn due to impairment of Rs13bn provided for DGEN, adjusting for one-offs in both Q4FY22 & Q4F...
Add Torrent Power Ltd For Target Rs.488- ICICI Securities
Add Torrent Power Ltd For Target Rs.488- ICICI Securities
Source: ICICI Securities Ltd
13/05/2022 12:14:16 PM
Torrent Power falls on reporting consolidated net loss of Rs 487 crore in Q4 Torrent Power is currently trading at Rs. 452.40, down by 16.40 points or 3.50% from its previous closing of Rs. 468.80 on the BSE. The scrip opened at Rs. 457.15 and has touched a high and low of Rs. 492.95 and Rs. 450.10 respectively. So far 280852 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 421.75 on 27-May-2021. Last one week high and low of the scrip stood...
Torrent Power falls on reporting consolidated net loss of Rs 487 crore in Q4
Torrent Power falls on reporting consolidated net loss of Rs 487 crore in Q4
Source: Accord Fintech
11/05/2022 1:33:55 PM
Torrent Power to purchase 51% stake in Dadra and Nagar Haveli, Daman and Diu Power Distribution Corporation Torrent Power Limited has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) with Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Holding Entity) and Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited (the SPV) for purchase of 51 per cent Equity Share Capital of the SPV from the Holding Entity. The SPV will be responsible for distribution and retail supply of electricity and holds distribution licens...
Torrent Power to purchase 51% stake in Dadra and Nagar Haveli, Daman and Diu Power Distribution Corporation
Torrent Power to purchase 51% stake in Dadra and Nagar Haveli, Daman and Diu Power Distribution Corporation
Source: IANS
16/03/2022 12:24:01 PM
Torrent Power moves up on completing acquisition of stake in Surya Vidyut Torrent Power is currently trading at Rs. 484.10, up by 3.30 points or 0.69% from its previous closing of Rs. 480.80 on the BSE. The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 485.90 and Rs. 477.40 respectively. So far 14534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 375.00 on 22-Apr-2021. Last one week high and low of the scrip stood at ...
Torrent Power moves up on completing acquisition of stake in Surya Vidyut
Torrent Power moves up on completing acquisition of stake in Surya Vidyut
Source: Accord Fintech
14/03/2022 10:32:46 AM
Torrent Power jumps on raising Rs 250 crore through NCDs Torrent Power is currently trading at Rs. 471.25, up by 1.85 points or 0.39% from its previous closing of Rs. 469.40 on the BSE. The scrip opened at Rs. 466.70 and has touched a high and low of Rs. 471.25 and Rs. 456.75 respectively. So far 24244 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 375.00 on 22-Apr-2021. Last one week high and low of the scrip stood at ...
Torrent Power jumps on raising Rs 250 crore through NCDs
Torrent Power jumps on raising Rs 250 crore through NCDs
Source: Accord Fintech
7/03/2022 12:21:08 PM
Torrent Power rises on the bourses Torrent Power is currently trading at Rs. 481.30, up by 1.35 points or 0.28% from its previous closing of Rs. 479.95 on the BSE. The scrip opened at Rs. 475.25 and has touched a high and low of Rs. 484.90 and Rs. 473.70 respectively. So far 37829 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 360.55 on 19-Feb-2021. Last one week high and low of the scrip stood at ...
Torrent Power rises on the bourses
Torrent Power rises on the bourses
Source: Accord Fintech
21/02/2022 3:33:43 PM
Torrent Power zooms on getting long term rating upgradation by CRISIL Torrent Power is currently trading at Rs. 489.35, up by 10.20 points or 2.13% from its previous closing of Rs. 479.15 on the BSE. The scrip opened at Rs. 483.00 and has touched a high and low of Rs. 490.45 and Rs. 478.55 respectively. So far 35820 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 343.10 on 18-Feb-2021. Last one week high and low of the scrip stood at...
Torrent Power zooms on getting long term rating upgradation by CRISIL
Torrent Power zooms on getting long term rating upgradation by CRISIL
Source: Accord Fintech
18/02/2022 11:59:41 AM
Torrent Power inches up on entering into SPA with Blue Daimond Properties, Balrampur Chini Mills Torrent Power is currently trading at Rs. 506.85, up by 0.20 points or 0.04% from its previous closing of Rs. 506.65 on the BSE. The scrip opened at Rs. 509.50 and has touched a high and low of Rs. 511.55 and Rs. 501.90 respectively. So far 20148 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 326.00 on 12-Feb-2021. Last one week high and low of the scrip stood at ...
Torrent Power inches up on entering into SPA with Blue Daimond Properties, Balrampur Chini Mills
Torrent Power inches up on entering into SPA with Blue Daimond Properties, Balrampur Chini Mills
Source: Accord Fintech
11/02/2022 11:08:10 AM
Torrent Power gains on getting LoI to buy 51% stake in DNH, Daman and Diu Power Distribution Corp Torrent Power is currently trading at Rs. 512.30, up by 2.10 points or 0.41% from its previous closing of Rs. 510.20 on the BSE. The scrip opened at Rs. 516.00 and has touched a high and low of Rs. 520.70 and Rs. 504.00 respectively. So far 48185 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 319.25 on 10-Feb-2021. Last one week high and low of the scrip stood at ...
Torrent Power gains on getting LoI to buy 51% stake in DNH, Daman and Diu Power Distribution Corp
Torrent Power gains on getting LoI to buy 51% stake in DNH, Daman and Diu Power Distribution Corp
Source: Accord Fintech
9/02/2022 2:27:39 PM
Reduce Torrent Power Ltd For Target Rs.435 - ICICI Securities Distribution businesses outperform Torrent Power’s (TPW) Q2FY22 numbers were boosted by outperformance in distribution businesses, particularly franchised distribution (DF) where losses reduced substantially, quarterly demand reverted to pre-covid levels and collections were almost 100%. On consolidated basis, revenues were up 16.6% YoY at Rs36.5bn and EBITDA grew 31.9% YoY to Rs9.4bn. Reported PAT was 83% higher at Rs3.7bn but, adjusting for one-offs in Q1FY21, adj. PAT rose 22.2% ...
Reduce Torrent Power Ltd For Target Rs.435 - ICICI Securities
Reduce Torrent Power Ltd For Target Rs.435 - ICICI Securities
Source: ICICI Securities Ltd
4/12/2021 12:10:27 PM
Reduce Torrent Power Ltd For Target Rs.409 - ICICI Securities Merchant volumes impact profits Torrent Power’s (TPW) Q1FY22 performance was influenced by: 1) bad debt provisioning of Rs210mn at distribution franchises (DFs), 2) lower merchant sales and net contribution, 3) improvement in DF businesses’ profits YoY, and 4) lower interest cost. On consolidated basis, revenues were up 3.1% YoY at Rs31bn, but EBITDA was down 24.9% YoY at Rs7.3bn. Reported PAT came in at Rs2.1bn (down 44.6% YoY), but adjusted PAT was up 23.6% YoY at Rs2.3bn....
Reduce Torrent Power Ltd For Target Rs.409 - ICICI Securities
Reduce Torrent Power Ltd For Target Rs.409 - ICICI Securities
Source: ICICI Securities
30/09/2021 11:09:50 AM
Key News - KEC International Ltd, Torrent Power, Tata Motors, Airports Authority of India, Maruti Suzuki By ARETE Securities Key News KEC International bags orders worth Rs 1,157 cr across various businesses Engineering, procurement and construction major KEC International Ltd on Tuesday said it has bagged orders worth Rs 1,157 crore across its various businesses. In the transmission and distribution segment, the RPG Group company bagged orders worth Rs 663 crore for projects in the Middle East, Africa, and the Americas, KEC International said in a filing to the BSE. In the railways segment, it has orders of ...
Key News - KEC International Ltd, Torrent Power, Tata Motors, Airports Authority of India, Maruti Suzuki By ARETE Securities
Key News - KEC International Ltd, Torrent Power, Tata Motors, Airports Authority of India, Maruti Suzuki By ARETE Securities
Source: ARETE Securities Ltd
22/09/2021 9:41:38 AM
Torrent Power acquires 156 MW wind power plants from CESC Limited Torrent Power Limited has entered into a Share Purchase Agreement with CESC Limited, Haldia Energy Limited and other nominal shareholders for the acquisition of 100 per cent of the share capital of Surya Vidyut Limited (the SPV), wholly owned subsidiary of CESC Limited. Surya Vidyut operates 156 MW Wind power plants (the Projects), spread across the states of Gujarat, Rajasthan and Madhya Pradesh. Long-term Power Purchase Agreements (PPAs) for the Projects are with respective State Disc...
Torrent Power acquires 156 MW wind power plants from CESC Limited
Torrent Power acquires 156 MW wind power plants from CESC Limited
Source: IANS
22/09/2021 9:40:38 AM
Neutral Torrent Power Ltd For Target Rs.485 - Motilal Oswal Distribution business recovering Price capturing in a demand recovery; reiterate Neutral * TPW’s result highlights the benefit of better demand and lower T&D losses in its distribution franchise (DF) business, leading to a 7%/43% YoY jump in adjusted EBITDA/PAT. However, the numbers were a miss on our estimates. * While the second COVID wave has delayed the normalization of demand and collections at DFs, we expect TPW’s DF business to improve in FY22E/FY23E. However, ...
Neutral Torrent Power Ltd For Target Rs.485 - Motilal Oswal
Neutral Torrent Power Ltd For Target Rs.485 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/09/2021 9:58:08 AM
Reduce Torrent Power Ltd For Target Rs.409 - ICICI Securities Renewables remain in focus Torrent Power (TPW) has entered into an agreement with Lightsource India and Lightsource RE for 100% acquisition of 50MW operational LR EHL Renewables India SPV 1 Pvt. Ltd, located in Maharashtra. TPW will pay Rs3.17bn to acquire the project, funding 90% of the acquisition value through debt. The project was commissioned in Apr'18 with LT PPA with SECI at Rs4.43/unit and had revenue of Rs420mn in FY20 (Rs423mn in FY19). Considering this, the implied CUF is...
Reduce Torrent Power Ltd For Target Rs.409 - ICICI Securities
Reduce Torrent Power Ltd For Target Rs.409 - ICICI Securities
Source: ICICI Securities
13/09/2021 9:54:57 AM
Buy Torrent Power Ltd Target Rs. 475 - Religare Broking Derivative Ideas  TORNTPOWER FUTS added around 14% in open interest in as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in TORNTPOWER as per below levels. Strategy:- BUY TORNTPOWER BETWEEN 450-455 SL 440 TARGET 475.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 ...
Buy Torrent Power Ltd Target Rs. 475 - Religare Broking
Buy Torrent Power Ltd Target Rs. 475 - Religare Broking
Source: Religare Broking Ltd
25/08/2021 11:08:02 AM
Torrent Power acquires 50 MW solar power plant from Lightsource bp and UKCI Torrent Power Limited has entered into a securities purchase agreement with Lightsource India Limited and Lightsource Renewable Energy (India) Limited for the acquisition of 100% of the share capital and all securities of LREHL Renewables India SPV 1 Private Limited (SPV). The SPV operates a 50 MW solar power plant, commissioned in April 2018, situated in the state of Maharashtra. It has a long-term Power Purchase Agreement with Solar Energy Corporation of India Limited for full capacity f...
Torrent Power acquires 50 MW solar power plant from Lightsource bp and UKCI
Torrent Power acquires 50 MW solar power plant from Lightsource bp and UKCI
Source: IANS
31/07/2021 12:56:17 PM
Stock Picks - SBI Life Insurance Company Ltd and Torrent Power Ltd By ICICI Direct SBI Life Insurance Buy SBI Life Insurance Company Ltd @ 1003.00-1007.00 CMP 1004.95 TGT 1024.00 SL 995.30   Torrent Power Buy Torrent Power Ltd @ 451.00-453.00 CMP 451.90 TGT  461.00 SL 447.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participant...
Stock Picks - SBI Life Insurance Company Ltd and Torrent Power Ltd By ICICI Direct
Stock Picks - SBI Life Insurance Company Ltd and Torrent Power Ltd By ICICI Direct
Source: ICICI Direct
23/06/2021 10:37:30 AM
Reduce Torrent Power Ltd For Target Rs. 385 - ICICI Securities Return to normalcy Torrent Power’s (TPW) good performance in Q4FY21 was aided by return to normalcy in its distribution franchise (DF) businesses, profit on sale of RLNG, and lower interest cost. However, lower wind generation and higher AT&C losses in licensed distribution (DL) areas reducing incentive income were the dampeners. On a consolidated basis, revenues were up 3.4% YoY to Rs30.8bn, while EBITDA was up 10.6% YoY to Rs9.1bn. Reported PAT stood at Rs4bn (vs loss of Rs2.8b...
Reduce Torrent Power Ltd For Target Rs. 385 - ICICI Securities
Reduce Torrent Power Ltd For Target Rs. 385 - ICICI Securities
Source: ICICI Securities Ltd
17/06/2021 9:54:48 AM
Neutral Torrent Power Ltd For Target Rs. 480 - Motilal Oswal Distribution business normalizes Price captures demand recovery; downgrade to Neutral * Torrent Power (TPW)’s result highlights the benefit of normalizing demand in its Distribution Franchise (DF) business, offset by lower renewable generation. Reported EBITDA was up 11% YoY. * While a fresh set of lockdowns could affect the performance of DFs, power demand and collections in DFs have not been significantly impacted thus far. We expect the co.’s DF business to improve ove...
Neutral Torrent Power Ltd For Target Rs. 480 - Motilal Oswal
Neutral Torrent Power Ltd For Target Rs. 480 - Motilal Oswal
Source: Motilal Oswal Financial Services
16/06/2021 11:39:00 AM
Torrent Power posts Q4 net profit of Rs 414.82 cr The company reported standalone net profit during the quarter stood at Rs 414.82 crore compared to net loss of Rs 222.18 crore in the previous year quarter. Net revenue of the company rose marginally by 2.17 per cent at Rs 2,994.42 crore in January-March quarter of this fiscal as against Rs 2,930.69 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 1.87 per cent to Rs 2,138.52 crore from Rs 2,099.29 crore in year ago period. Other In...
Torrent Power posts Q4 net profit of Rs 414.82 cr
Torrent Power posts Q4 net profit of Rs 414.82 cr
Source: Dion Global Solutions Ltd
21/05/2021 11:58:57 AM
Key News - Hindustan Petroleum Corporation Ltd, Apollo Tyres Ltd, Mindtree , Torrent Power Ltd, Havells India Ltd by ARETE Securities Key News Hindustan Petroleum Q4 net profit jumps to Rs 3,018 cr on inventory gains Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported its March quarter net profit soaring many folds to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The company had a net profit of Rs 27 crore in January-March 2020. "Enhanced profitability was a result of robust operational performance, improvement in refinery margins helped by inventory gains and favourable ...
Key News - Hindustan Petroleum Corporation Ltd, Apollo Tyres Ltd, Mindtree , Torrent Power Ltd, Havells India Ltd by ARETE Securities
Key News - Hindustan Petroleum Corporation Ltd, Apollo Tyres Ltd, Mindtree , Torrent Power Ltd, Havells India Ltd by ARETE Securities
Source: ARETE Securities Ltd
21/05/2021 9:05:12 AM
Torrent Power trades in green on entering into PPA for supply of 300MW solar energy from upcoming solar project Torrent Power is currently trading at Rs. 388.20, up by 4.05 points or 1.05% from its previous closing of Rs. 384.15 on the BSE. The scrip opened at Rs. 397.50 and has touched a high and low of Rs. 397.50 and Rs. 384.75 respectively. So far 21557 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 434.90 on 17-Mar-2021 and a 52 week low of Rs. 291.50 on 19-May-2020. Last one week high and low of the scrip stood at ...
Torrent Power trades in green on entering into PPA for supply of 300MW solar energy from upcoming solar project
Torrent Power trades in green on entering into PPA for supply of 300MW solar energy from upcoming solar project
Source: Accord Fintech
23/04/2021 11:07:46 AM
Buy Torrent Power Ltd For Target Rs.425 - Religare Broking Derivative Ideas TORNTPOWER FUTS added around 5% in open interest addition as long buildup was seen in it till closing time. Current chart pattern also indicates further up move in its price. We suggest buying TORNTPOWER in cash as per below levels. Strategy:- BUY TORNTPOWER in cash between 415-416 stoploss at 410, target 425.   To Read Complete Report & Disclaimer Click Here   To Read Complete Report & Disclaimer Click Here   Please refer d...
Buy Torrent Power Ltd For Target Rs.425 - Religare Broking
Buy Torrent Power Ltd For Target Rs.425 - Religare Broking
Source: Religare Broking Ltd
19/03/2021 10:44:46 AM
Stock Picks - Ashok Leyland Ltd and Torrent Power Ltd By ICICI Direct Ashok Leyland Buy Ashok Leyland Ltd @ 123.20-123.70 CMP 123.50 TGT 126.50 SL 122.10   Torrent Power Buy Torrent Power Ltd @ 424.50-425.50 CMP 424.70 TGT 434.00 SL 420.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the author and not of the website kindly read disclaimer
Stock Picks - Ashok Leyland Ltd and Torrent Power Ltd By ICICI Direct
Stock Picks - Ashok Leyland Ltd and Torrent Power Ltd By ICICI Direct
Source: ICICI Direct
17/03/2021 12:09:26 PM
Buy Torrent Power Ltd For Target Rs.389 - Sushil Finance We had initiated coverage on Torrent Power Ltd on October 15, 2020 at a market price of Rs. 298 for a target price of Rs 389, showcasing an upside of ~30%. Torrent Power is currently trading at a market price of Rs.394, above our target price. Since the stock has breached our target price and yielded our expected return, we advise investors to book profits at current levels and change our rating for Torrent Power to Neutral.   To Read Complete Report & Disclaimer Click Here ...
Buy Torrent Power Ltd For Target Rs.389 - Sushil Finance
Buy Torrent Power Ltd For Target Rs.389 - Sushil Finance
Source: Sushil Finance Ltd
26/02/2021 8:54:10 AM
Update On Torrent Power Ltd By Motilal Oswal Reported EBITDA up 4% YoY Strong positioning and healthy balance sheet; maintain Buy * Torrent Power’s 3QFY21 reported EBITDA was up 4% YoY to INR8.7b (8% ahead of our est. of INR8.0b). A portion of this may be attributable to recoveries on collection provisions and UnoSugen u/r. We await clarity on the same. * Interest cost was down 19% YoY / 6% QoQ to INR1.9b (our est.: INR2.1b). * PAT was up 2% YoY to INR3.2b (41% ahead of our est. of NR2.3b). * Power purchases at Bhi...
Update On Torrent Power Ltd By Motilal Oswal
Update On Torrent Power Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/02/2021 9:16:03 AM
Hold Torrent Power Ltd For Target Rs.389 - Sushil Finance Torrent Power Ltd. has reported numbers for the quarter ended December’20. Following are the highlights of the result. Highlights from the Quarter (Q3FY21): Net Sales for Q3FY21 stood at Rs. 2,952.75 Cr as against Rs. 3,079.00 Cr in Q3FY20 (down by 4.1% YoY) and against Rs. 3,128.73 Cr in Q2FY21 (down by 5.6% QoQ). Economic revival in Torrent’s distribution areas has resulted in an increase in demand for electricity and the demand has almost reached the pre-covid levels in ...
Hold Torrent Power Ltd For Target Rs.389 - Sushil Finance
Hold Torrent Power Ltd For Target Rs.389 - Sushil Finance
Source: Sushil Finance Ltd
11/02/2021 10:43:30 AM