2 Power Sector Stocks Showing Potential To Soar 43%: 2 Brokerages Recommend Buy

HDFC Securities and ICICI Securities have recommended investors to buy 2 power sector stocks showing potential to give 43% return. The stocks are Kalpataru Power Transmission Ltd and Tata Power Company Ltd. Check details below:

1. Kalpataru Power Transmission Stock Performance

The last trading price of the stock is Rs 494.10 apiece with intraday gain of 1.77%. The stock's 52-week high is Rs 591.10 apiece and 52-week low is Rs 332.30 apiece, respectively. The company has market capitalisation of Rs 8,026.46 crore.

2. Kalpataru Power Transmission Return & Financial Outlook

The stock gave a return of 22% in last 1-year, 9% in last 3-years, and 4% in last 5-years. It declined 1% in last 3-months and 2% in last 1-month.

The company for the quarter ended December 31, 2022 declared a consolidated total income of Rs 4006.00 crore, up 5% from previous quarter total income of Rs 3808.00 crore. Its net profit after tax stood at Rs 109.00 crore in the latest quarter.

3. Kalpataru Power Transmission About

KPTL is part of the Kalpataru Group established in 1969. It is a diversified conglomerate with interest in Real Estate, Power Generation, Agri Logistics and EPC in major infrastructure segments like Power Transmission and Distribution, Buildings & Factories, Roads & Highways, Water & Irrigation, Railways and Oil and Gas.

4. ICICI Securities Assigns Buy call to Tata Power Company

ICICI Securities has assigned buy call to Tata Power Company Ltd with a target price of Rs 262 apiece. If you buy Tata Power Company shares now, you can get potential return of 28%. According to ICICI Securities, "We maintain BUY and our SoTP-based target price of Rs262. The stock is currently trading at FY24E P/E of 20.3x and P/B of 2.3x."

5. Tata Power Company Ltd Stock Performance & Return

The last trading price of the stock is Rs 204.80 apiece with intraday fall of 0.36%. The stock's 52-week high is Rs 298.00 apiece and 52-week low is Rs 190.00 apiece, respectively. The company has a market capitalisation of Rs 65,440.55 crore.

6. About Tata Power

Tata Power is one of India's largest integrated power companies, present across the entire power value chain of conventional & renewable energy, power services, and next-generation customer solutions including solar rooftop, EV charging stations, and home automation, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of HDFC Securities. 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.