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Buy 2 Maharatna, 1 Miniratna For Double Digit Returns: Emkay Global
Leading brokerage firm Emkay Global has assigned buy call to two Maharatna and 1 Miniratna stocks. These stocks are Power Grid Corporation of India Ltd (Target Price 250), NTPC Ltd (Target Price 188), and NHPC Ltd (Target Price Rs 40).
| Name of the company | Target Price | Potential Return |
|---|---|---|
| Power Grid Corporation of India Ltd | Rs 250 | 22% |
| NTPC Ltd | Rs 188 | 18% |
| NHPC Ltd | Rs 40 | 11% |
Check key takeaways below:
1. Power Grid Corporation of India Ltd
Emkay Global has assigned buy rating to the stock of Power Grid Corporation of India Ltd for a target price of Rs 250 with a potential return of 22%.
Stock Outlook: The current market price of Power Grid is Rs 205 apiece on BSE with a 52-week high at Rs 248 apiece and 52-week low at Rs 175 apiece, respectively.
Market Capitalisation: It has a market capitalization of Rs 1,42,996.78 crore at the time of writing the report.
5 Years Return: The stock has given a return of 31% in the last 5 years, 38% in the last 3 years, and 17% in the last 1 year.
About Company: The large cap company for the quarter ended June 30, 2022 declared a consolidated total income of Rs 11,168 crore, up .91% and net profit after tax at Rs 3805 crore in the latest quarter.
Power Grid Corporation of India Limited is a transmission company engaged in the power transmission business with responsibility for planning, implementation, operation and maintenance of inter-state transmission systems and operation of national and regional load dispatch centres.
Power Grid Corporation of India Ltd Maharatna Public Sector Enterprise of Govt. of India and it was incorporated on 23rd Oct 1989.
2. NTPC Ltd
Renowned brokerage Emkay Global has given buy call to the stock of NTPC Ltd for a target price of Rs 188 with a potential return of 18%.
Stock Outlook: The current market price of NTPC Ltd is Rs 159 apiece on BSE with an intraday gain of 0.32%. The 52-week high is Rs 176 apiece and 52-week low is Rs 118 apiece, respectively.
Market Capitalisation: The large cap company has a market capitalization of Rs 1,54,225.47 crore at the time of writing the report.
5-Years Return: The stock has given a return of 15% in the last 5 years, 35% in the last 3 years, and 25% in the last 1 year.
About the company: The company for the quarter ended June 30, 2022 declared a consolidated total income of Rs 43,560 crore, up 15% and declared net profit after tax at Rs 3711 crore in the latest quarter.
NTPC Ltd (formerly known as National Thermal Power Corporation Limited), is an Indian Public Sector Undertaking.
It is engaged in the business of generation of electricity and allied activities. It was incorporated in 1975 and operates in the power sector. NTPC became a Maharatna company in May 2010.
3. NHPC Ltd
Emkay Global says that if you buy the stock at its current market price of Rs 36 apiece (on BSE) it can fetch a potential return of 11% with a target price of Rs 40 apiece.
Stock Outlook: The current market price of the stock is Rs 36 apiece with its 52-week high at Rs 40.40 apiece and 52-week low at Rs 27 apiece, respectively.
Market Capitalisation: The company has a market capitalisation of Rs 36,915.50 crore at the time of writing the report.
5 Years Return: The stock has given a return of 37% in the last 5 years, 61% in the last 3 years, and 32% in the last 1 year.
About the company: As on date NHPC Limited has become the largest organisation for hydropower development in India, with capabilities to undertake all the activities from conceptualization to commissioning in relation to setting up of hydro projects.
NHPC Limited has also diversified in the field of Solar & Wind power. NHPC is a Mini Ratna Category-I Enterprise of the Government of India.
Disclaimer
The above stocks have been picked from the brokerage report of Emkay Global. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.
