Reduce Torrent Power, target price Rs 1,165: ICICI Securities

 07 Feb 2025 08:51 AM

ICICI Securities has issued a reduce call on Torrent Power Ltd. with a revised target price of Rs 1,165 due to its subdued Q3FY25 results. Despite the company showing a YoY rise in revenue and net profit, the current stock price is believed to factor in all the potential upside. Promoters hold a 51.09% stake.

TORRENT POWER LTD: CO EXECUTES RUPEES 84 CR SHARE PURCHASE AGREEMENT TO SELL 100% STAKE IN TORRENT ELECTRICALS LTD TO TORRENT INVESTMENTS PVT LTD

 18 Oct 2024 07:03 AM

TORRENT POWER LTD: CO EXECUTES RUPEES 84 CR SHARE PURCHASE AGREEMENT TO SELL 100% STAKE IN TORRENT ELECTRICALS LTD TO TORRENT INVESTMENTS PVT LTD