New Delhi: Investors looking to opt for a long term investment in stock markets can buy shares of Torrent Pharma, Ashoka Buildocon, Torrent Power and NTPC, IIFL Securities said. The brokerage firm said that the investors can buy the shares of the mentioned companies with a 1-year perspective.
NTPC share price target
Maintaining a Buy call on NTPC, the brokerage firm said the power stock can be purchased at a price of Rs 371-385 with a target price of Rs 447 in 366 days. NTPC on July 27, 2024 declared its Q1 2024-25 Results declaring a standalone net profit of Rs 4510.98 crore, while the revenue from operations rose up to Rs 44,419.22 crore. The government-controlled company also declared a final dividend of Rs 3.25 per share for its eligible equity shareholders for the financial year 2023-24.
Torrent Pharmaceuticals share price target
IIF Securities advised the stock market investors to buy shares of Torrent Pharma in the range of Rs 3075-3165 with a target price of Rs 3,478 in 366 days. The pharma stock ended at Rs July 30, 2024. The stock of the pharmaceutical company appreciated around 11 per cent in the past 1 month, 25 per cent in six months and over 50 per cent in 1 year.
Torrent Pharma is the flagship Company of Torrent Group and one of the leading Pharma companies in the Country. It has a turnover of Rs 10,700 crores (FY2024). In its Q4 2023-24 Results, Torrent Pharmaceuticals reported a 56.45 per cent jump in consolidated net profit to Rs 449 crore and a consolidated net profit of Rs 287 crore.
For the fiscal ended March 31, 2024, the pharma company’s consolidated net profit stood at Rs 1,656 crore and the consolidated revenue from operations in FY24 stood at Rs 10,728 crore.
Ashoka Buildcon share price target
The brokerage firm gave a Buy rating on Ashoka Buildcon. It recommended buying the stock in the range of Rs 234-241 with a target price of 280 in 366 days. The form is a Fortune India 500 company and one of the leading highway developers in India. In its Q4 FY 2024 financial results, the company reported a revenue growth of 22 per cent YoY and the total income stood at Rs 2,532 crore against Rs 2,068 crore. The EBITDA was reported at Rs 219 crore.
‘Buy Torrent Power shares’
IIFL Securities suggested the shareholders to buy shares of Torrent Power shares in the range of Rs 1445-1505 as it has the potential to rise to the levels of Rs 1711 in 366 days. In its financial results for the quarter and year ended March 31, 2024, the company reported that its Profit After Tax (PAT) for FY 2023-24 stood at Rs 1,896 crore as compared to Rs 2,165 crore for FY
2022-23.
Stocks to Buy for long term: IIFL Securities maintained a Buy rating on shares of Torrent Pharma, Ashoka Buildocon, Torrent Power and NTPC. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
