Buy Torrent Power Limited and Mahindra CIE Automotive Limited

Buy Torrent Power Limited: Torrent Power Ltd has officially announced a consolidated sales of Rs.... The post Buy Torrent Power Limited and Mahindra CIE Automotive Limited appeared first on Stock Investor.

Buy Torrent Power Limited and Mahindra CIE Automotive Limited

Buy Torrent Power Limited:

Torrent Power Ltd has officially announced a consolidated sales of Rs. 2,990.11 Cr for the third quarter finished on 31-12-2020, which is -5.56% down from its previous quarter sales of Rs. 3,166.10 Cr and -4.02% up from its previous year same quarter sales of Rs. 3,115.48Cr. The company has reported a net profit after tax of Rs. 321.73 Cr in the previous quarter.

Outlook:

Torrent Power Ltd: Experts suggested buy call at current market price: Rs. 380.95 with a target price: Rs. 437.

Buy Mahindra CIE Automotive Limited:

Mahindra CIE Automotive Limited

Mahindra CIE Automotive Ltd has officially announced consolidated sales of Rs. 1,965.08 Cr for the third quarter finished on 31-12-2020, which is 13.18% up from its previous quarter sales of Rs. 1,736.31 Cr and 13.64% up from its previous year same quarter sales of Rs. 1,729.25 Cr. The company has reported a net profit after tax of Rs. 111.67 Cr in the previous quarter.

Outlook:

Mahindra CIE Automotive Ltd: Experts suggested buy call at current market price: Rs. 181.5 with a target price: Rs. 223.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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