A dark horse from the power sector , buy @ lower level 390-380 levels
This midcap stock is from the power transmission and distribution sector. Having a market cap of 19395 cr, and trading @ pe of 12.5 while industry pe trading@19.2.company having a cash reserve of 9242 and a mktcap to sales 1.61.promotors having 53.6% holding in the company.Over the last 5 years, market share increased from 15.37% to 15.82%
Technical parameters
This stock is trading abv all important moving avg, and breakout of 10 year resistance level, the retracement area 380-390 level try to buy@ 380 level for a tgt of 700-750.
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