Buy Mid Cap Power Stock As Sharekhan Sees Shares Rising, 1-Yr Return 51%

Sharekhan has recommended investors to buy mid cap power sector stock, Kalpataru Power Transmission Ltd with a target price of Rs 695. Current market price of the stock is Rs 565.55 apiece on BSE. If you buy Kalpataru Power Transmission Ltd now, you can fetch potential return of 23%. Check details below:

Kalpataru Power Transmission Ltd Stock Performance: Last trading price of Kalpataru Power Transmission Ltd is Rs 565.55 apiece with intraday decline of 2.21% on BSE. The stock's 52-week high is Rs 597.15 apiece and 52-week low is Rs 332.30 apiece, respectively. Its market capitalisation is Rs 9,187.14 crore.

Kalpataru Power Transmission Return & Financial Outlook: The stock rallied 16% in just 1-month, gave 33% return in last 6-months, and soared 51% in last 1-year. It gave 100% return in last 3-years and 24% return in last 5-years. The company for the quarter ended December 31, 2022 declared a consolidated total income of Rs 4006.00 crore, up 5.20% from last quarter total income of Rs 3808.00 crore. It declared its net profit after tax at Rs 109.00 crore in latest quarter.

Kalpataru Power Transmission About: The Company is providing railways EPC services for executing civil infrastructure, track laying, signaling & telecommunication and over-head electrification projects for railways in India. In India, the Company has also been undertaking power transmission projects on Build, Operate, Own, and Maintain (BOOM) model. Kalpataru Power Transmission Limited (KPTL) was incorporated in 23rd April 1981 as HT Power Structures Pvt. Ltd.

Disclaimer: The stock has been picked from the brokerage report of Sharekhan. 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.