Buy, Hold Mid Cap Power Sector Stocks For Higher Return: JM Financial

JM Financial has recommended investors to buy and hold 2 power sector stocks for attractive return. These 2 stocks are CESC Ltd and Torrent Power Ltd. If you buy and hold these two mid cap stocks now, you can get potential return of up to 45%. Check details below:

1. Buy CESC Ltd

JM Financial has recommended investors to buy CESC Ltd with a target price of Rs 100 apiece. Current market price of CESC Ltd is Rs 69.99 apiece. If you buy CESC Ltd share now, you can get potential return of 45%. The stock's 52-week high is Rs 88.00 apiece and 52-week low is Rs 68.00 apiece, respectively.

The stock fell 7% in last 3-months, 12% in last 6-months, and 11% in last 1-year. It gave 10% return in last 3-years.

CESC is India's first fully integrated electrical utility company ever since 1899, generating and distributing power in Kolkata and Howrah. We have private participation in generation, transmission, and distribution of electrical power.

2. Hold Torrent Power Ltd

JM Financial has suggested investors to hold the stock of Torrent Power Ltd with a target price of Rs 500 apiece. Current market price of Torrent Power Ltd is Rs 510.80 apiece.

The stock's 52-week high is Rs 609.90 apiece and 52-week low is Rs 416.00 apiece, respectively. The company has a market capitalisation of Rs 24,549.91 crore. The stock gave a return of 15% in last 1-month, fell 7% in last 3-months, and gave a return of 6% in last 1-year.

In last 3-years, the stock surged 60% and 90% in last 5-years.

Torrent Power is one of the leading brands in the Indian power sector. It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables.

Disclaimer

The stocks have been picked from the brokerage report of JM Financial. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.