ABOUT THE STOCK
The company incorporated in the year 1989 is the Government of India Enterprise and a Navratana status company. The giant in the power sector in Indian market has entered in to the capital market a few years back. It currently is the market leader in transmission lines, commanding 50% market share and if it is able to put up the targeted 38,000 kilometer line, its market share will go up to around 58%.
ABOUT THE FINANCIALS
ABOUT THE FINANCIALS
Results for the Q3FY11, on a QoQ basis the company has reported net sales down 35% and consequently net profit has been reduced by 9%.The decline in sale could be justified on account of its stagnant and falling sales in its verticals.
In the coming next 14 months, the company has set up the target to put up 38,030 kilometer lines, 65,000 megavolt ampere (MVA) capacity and it has to energise 45 service stations. Of this, it has till date added 35,000 mva capacity, raised 24,000 circuit kilometers transmission lines and energized 31 service stations.
MY VIEW ON STOCK
MY VIEW ON STOCK
The stock is no doubt a good and safe investment in power sector but an immediate breakout of the range of the stock is not seen.The stock is no doubt a good and safe investment in power sector but an immediate breakout of the range of the stock is not seen.
