Buy Power Finance Corporation, target Rs 92: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Power Finance Corporation Ltd. with a target price of Rs 92.0 . The current market price of Power Finance Corporation Ltd. is Rs 85.25. Time period given by the analyst is Intra Day when Power Finance Corporation Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 81. Power Finance Corporation Ltd., incorporated in 1986, is a largecap company with a market cap of Rs 22506.69 crore.

Power Finance Corporation Ltd. key Products/Revenue Segments include Interest which contributed Rs 26248.10 Crore to Sales Value (98.24 % of Total Sales), Income From Financial Services which contributed Rs 316.34 Crore to Sales Value (1.18 % of Total Sales), Other Operating Revenue which contributed Rs 129.81 Crore to Sales Value (0.48 % of Total Sales) and Lease Rentals which contributed Rs 21.98 Crore to Sales Value (0.08 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 6016.52 Crore, down -1.81 % from last quarter Sales of Rs 6127.46 Crore and up 9.12 % from last year same quarter Sales of Rs 5513.77 Crore Company has reported net profit after tax of Rs 935.60 Crore in latest quarter. The company’s top management includes Dr.Arun Kumar Verma, Mr.Chinmoy Gangopadhyay, Mr.Naveen Bhushan Gupta, Mr.Praveen Kumar Singh, Mr.Rajeev Sharma, Mr.Sitaram Pareek, Mrs.Gauri Chowdhuri. Company has M K Aggarwal & Co. as its auditoRs As on 30-06-2018, the company has a total of 2,640,081,408 shares outstanding.