Short Term Stock Tips - Torrent Power - Mid Cap Stock

Mid Cap power generation company stock Torrent Power can give you good returns in short term time frame. Checkout the details.

Market Cap 4,677.24
EPS (TTM) 7.13
P/E 13.88
P/C 9.65
Book Value 61.17
Price/Book 1.62
Div(%) 12.00
Div Yield(%) 1.21
Market Lot 1.00
Face Value 10.00
Industry P/E 22.77

Checkout 3 months stock chart


After surging from 70 levels to 100 in recent stock market rally in past 2 months, it is making a strong support at around 100 levels. Next rally can take the stock upto 130 levels. But keep an eye on overall stock market trends. Torrent Power's next move is highly dependent on overall market trend and sentiments as well.

Buy stock in small quantity depending on your capacity to invest for short term returns as quick gains but be careful to book moderate profits, say 15 - 20%.