Torrent Power Ltd up by 7.29%: Developments & Performance | Espresso

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Espresso Shot of the Day - Torrent Power Ltd up by 7.29 percent

February 04, 2022
Espresso Shot of the Day - Torrent Power Ltd up by 7.29 percent

TORRENT POWER LTD 580.35 (+7.29%) BSE – INE813H01021 | Feb 4, 2022


Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs.21500 Crore Torrent Group – committed to its mission of transforming life by serving two of its most critical needs - healthcare and power. It is an integrated power utility company and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables. Torrent Power foresaw the prospects in the power sector much before “liberalization”, when it took over and successfully turned around an ailing power cable company Mahendra Electricals, renaming it as ‘Torrent Cables Ltd.’ (now merged with Torrent Power Limited w.e.f. 1st April 2014). The high points of Torrent’s foray into power, however, were the acquisitions of two of the India’s oldest utilities – The Surat Electricity Company Ltd and The Ahmadabad Electricity Company Ltd. Torrent turned them into first-rate power utilities, in terms of operational efficiencies and reliability of power supply.


Recent Drivers

  • On Feb 4, 2022, Torrent Power reported Net Sales of Rs.3, 767.43 crores in December 2021, up 27.59% from Rs.2, 952.75 crores in December 2020.
  • On Feb 4, 2022, the company reported a Quarterly Net Profit of Rs.368.08 crores in December 2021, up 14.85% from Rs.320.50 crores in December 2020.
  • On Feb 3, 2022, the company declared an Interim Dividend for FY 2021-22 of Rs.9 per equity share.
  • On Jan 21, 2022, Torrent Power won the British Safety Council's prestigious Sword of Honour award for achieving excellence in the field of health and safety and the Globe of Honour award in the field of environmental sustainability for its Ahmedabad, Gandhinagar and Surat distribution operations.
 (Sources:,  Business standard, Moneycontrol, BSE)


Technical Force*

  • S&P BSE 200 month till date gain up by 1.03%
  • 3 months avg. NSE volume: 973,808
  • Quantity traded: 2, 64,699 | Deliverable quantity: 39,599 (14.96%)
  • Stock price has jumped more than 85% from one-year-low level: 316.55 (Feb 5, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 606.15 | 52-week-low: 316.55


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

981.55

793.80

673.50

485.75

365.45

177.70

57.40

     -

Fibonacci Pivot

793.80

676.12

603.43

556.60

485.75

414.90

368.07

295.38

`77.70


Today’s Close

580.35

SMA

BSE

10 DAY

546.42

20 DAY

560.38

50 DAY

558.36

200 DAY

493.75


Some Key Ratios (Source: BSE)

Market Cap:  27,892.60 Crores

PE: 19.76

OPM%: 20.66

ROE%: 12.48

Promoters holding%: 53.57

Prev. Close: 540.90



*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.