Power Grid share price: Buy Power Grid Corporation of India, target price Rs 270: Motilal Oswal

Motilal Oswal has buy call on Power Grid Corporation of India with a target price of Rs 270. The current market price of Power Grid Corporation of India is Rs 230.95. Time period given by analyst is one year when price can reach defined target.

Power Grid Corporation of India Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 120614.30 Crore) operating in Power sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 10816.33 Crore, up 4.41 % from last quarter Total Income of Rs 10359.48 Crore and up 2.94 % from last year same quarter Total Income of Rs 10507.65 Crore. Company reported net profit after tax of Rs 3471.99 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.3 per cent stake in the company as of March 31, 2021, while FIIs held 28.4 per cent, DIIs 13.8 and public and others 6.5 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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