3 Power Sector Stocks to buy now: Emkay Global points out a stock of the power sector that can give strong returns. Can prove to multibagger stock for you this year.
Let me tell you that a report has come out on behalf of MK Global on 5th July 2022 in which they have stated that this report is a research report and in it they have done research on the stocks of a power company in India and according to them The stock may see an increase
Investors can get a very good return if they buy its stock and at the same time they have said that investors can do intraday trading in its stock and at the same time making long term investments can be beneficial in this.
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And the power company talked about on behalf of MK Global is a government company called NTPC
3 Power Sector Stocks to buy now
NTPC | Buy | Target price: ₹180 | Upside: 16%
About NTPC share price and fundamentals
NTPC Limited is a company in the field of electrical utilities. The company has a total market value of Rs. 1,34,735 crore. A share of the company is currently trading at 143.65 on the BSE and 143.75 on the NSE. The business was founded in the year 1975.
The company reported that its overall revenue for the previous year was Rs 1,04,421.37 crore and its total sales were Rs 96,768.1 crore. A net profit of Rs 10,112.81 crore was made by the business. In the current year, NTPC Limited has paid taxes of Rs. 3,189.32 crore.[ Power Sector Stocks to buy now]
FUNDAMENTAL ANALYSIS OF NTPC
|MKT Cap||₹ 1,36,190cr||ROE||12.77 %|
|P/E Ratio (TTM)||8.17||EPS (TTM)||17.20|
|P/B Ratio||1.01||Div Yield||5.09 %|
|Industry P/E||20.63||Book Value||139.61|
|Debt to Equity||1.56||Face Value||10|
CESC | Buy | Target price: ₹108 | Upside: 39%
About CESC share price and fundamentals
CESC Limited is a company in the field of electrical utilities. The company has a total market value of, 9,583 crore. A share of the company is priced at ₹ 72.50 in the BSE market today and ₹ 72.40 in the NSE market today. The company was established in the year 1978.
According to the report provided by the company, the total revenue for the last year stood at Rs 8,007.07 crore and total sales stood at Rs 7,835.93 crore. The company’s net profit stood at Rs 917.75 crore. CESC Limited has paid tax of Rs.164.6 crore in the current year. [ Power Sector Stocks to buy now]
FUNDAMENTAL ANALYSIS OF CESC
|MKT Cap||₹ 9, 624 cr||ROE||13.40%|
|P/E Ratio (TTM)||7.09||EPS (TTM)||10.24|
|P/B Ratio||0.93||Div Yield||6.20 %|
|Industry P/E||9.12||Book Value||78.43|
|Debt to Equity||1.44||Face Value||1|
NHPC | Buy | Target price: ₹40 | Upside: 21%
About NHPC share price and fundamentals
After a lapse of four to five years, NHPC plans to commission 2,800 MW of hydropower over the course of the following two odd years, making up half of its current capacity of 5.5 GW.
Construction on Parbati II (800 MW) and Subansiri (2,000 MW) is nearly complete. Over the next two to three years, they will together add 9,000 crore to the regulated equity, according to the brokerage business. [ Power Sector Stocks to buy now]
“By FY25, RoE will increase from 9.5 percent to about 11 percent as a result of this. Over the period of FY22 to FY25E, we anticipate an EPS CAGR of around 11%. As we roll over our target multiple to June’23, we have increased our goal price from 37 to 40. On FY24E/FY25E, the company trades at 9.3 times and 7.6 times PE, respectively “the brokerage firm stated. [ Power Sector Stocks to buy now]
FUNDAMENTAL ANALYSIS OF CESC
|MKT Cap||₹ 32,194 cr||ROE||10.37 %|
|P/E Ratio (TTM)||9.13||EPS (TTM)||3.51|
|P/B Ratio||0.92||Div Yield||6.48 %|
|Industry P/E||20.63||Book Value||34.76|
|Debt to Equity||0.75||Face Value||10|
In addition, the report also states that MK Global has set a price target of Rs 188 per share and that the report also states that India This company has contributed about 80 per cent to the power needs
And if we talk about Wednesday 6th July 2022 then the price of 1 share of NTPC is around ₹ 138 and whereas if we talk about last week then in last 1 week its share has seen a decline of about 2.5% and on 6th July Has seen its share fall by about 1.6 per cent but still many experts believe that its stock may see good growth in the future and MK Global’s report also states that its share price will come later. [ Power Sector Stocks to buy now]
Disclaimer: The views and recommendations made above are those of the brokerage firm and not of TeknikalRaman.com