Buy Reliance Power, target Rs 8: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Reliance Power Ltd. with a target price of Rs 8. The current market price of Reliance Power Ltd. is Rs 6.48. Time period given by the analyst is Intra Day when Reliance Power Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 6. Reliance Power Ltd., incorporated in 1995, has a market cap of Rs 1817.72 crore.

Reliance Power Ltd. key Products/Revenue Segments include Sale of Energy which contributed Rs 41.18 Crore to Sales Value (93.02 % of Total Sales) and Other Operating Revenue which contributed Rs 3.09 Crore to Sales Value (6.97 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 2100.34 Crore, down -8.00 % from last quarter Sales of Rs 2283.09 Crore and down -15.81 % from last year same quarter Sales of Rs 2494.65 Crore Company has reported net profit after tax of Rs 189.30 Crore in latest quarter. The company’s top management includes Mr.Anil Dhirubhai Ambani, Mr.D J Kakalia, Mr.K Raja Gopal, Mr.K Ravikumar, Mr.Sateesh Seth, Mrs.Rashna Khan. Company has Pathak H D & Associates as its auditoRs As on 31-03-2019, the company has a total of 2,805,126,466 shares outstanding.