Torrent Power Share Price Target 2022, 2023, 2024, 2025, 2030: Torrent Power is one of the leading brands in the Indian power sector, backed by the Torrent Group, committed to its mission of transforming lives by serving the two most critical needs of healthcare and energy.
So in this article we try to give Torrent Power a new way by using technical and fundamental analysis.
Torrent Power Share Price Target 2022
It is an integrated power company and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables. Torrent Power foresaw the prospects in the power sector much before liberalization, when it took over and successfully turned around the ailing cable company Mahendra Electricals, renaming it “Torrent Cables Ltd”.
The target price for Torrent Power stock will be available by the end of financial year 2022. The initial price of Torrent Power will be around Rs 600. And the stock price for the second target for Torrent Power will be Rs 620.
| Year | Torrent Power Share Price Target 2022 |
|---|---|
| First target 2022 | Rs 600 |
| Second Target 2022 | Rs 620 |
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Torrent Power Share Price Target 2023
However, the highlight of Torrent’s foray into energy was the acquisition of two of India’s oldest energy companies, Surat Electricity Company Ltd and The Ahmedabad Electricity Company Ltd. Torrent has made them world class energy companies in terms of operational efficiency and power reliability. DELIVERIES ONLY. Torrent ranks among the best-run energy companies in the country with highly efficient production assets. The company offers highly personalized and innovative customer services that include various convenience features.
Torrent Power share price target by the end of 2023. The target value of Torrent Power’s first shares for the financial year 2023 is estimated at Rs 700. And the second indicative price for Torrent Power could offer around Rs 745.
| Year | Torrent Power Share Price Target 2023 |
|---|---|
| First Target 2023 | Rs 700 |
| Second Target 2023 | Rs 745 |
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Torrent Power Share Price Target 2024
Torrent Power created history by signing the country’s first distribution franchise agreement with Maharashtra State Electricity Distribution Company Limited for Bhiwandi Circle in December 2006. Torrent Power operates in the field of manufacturing, transmission, distribution and manufacturing and supply of power cables. Its highly efficient manufacturing facilities and equally reliable distribution network are among the best in the country.
At this moment, we try to predict the price of two Torrent Power stocks that will be available in 2024. Torrent Power’s first target price is Rs 850, And Torrent Power’s second target price could cross Rs 880.
| Year | Torrent Power Share Price Target 2024 |
|---|---|
| First Target 2024 | Rs 850 |
| Second Target 2024 | Rs 880 |
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Torrent Power Share Price Target 2025
Torrent Power plans to expand its renewable energy portfolio by acquiring existing projects and is also looking for new opportunities in the transmission and distribution sectors. Currently, the company is not developing any coal or gas-based energy projects. Undeveloped solar capacity is 400 MW, while wind capacity under construction is 415 MW.
Torrent Power Share Price Target 2025 The Torrent Power Share Price Target 2025 will be Rs 1000. And the second target price for Torrent Power for FY2025 will be around Rs 1050.
| Year | Torrent Power Share Price Target 2025 |
|---|---|
| First Target 2025 | Rs 1000 |
| Second Target 2025 | Rs 1050 |
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Torrent Power Share Price Target 2030
Torrent Power has completed a transaction to acquire 100% of the securities of the SPV under a securities purchase agreement (SPA) with SkyPower Southeast Asia Ill Investments and SkyPower Southeast Asia Holdings 2 (the seller) and Sunshakti Solar Power Projects (SPV). SPV operates a 50 MW solar power plant in the state of Telangana. A long-term power purchase agreement (PPA) for the project is with the Northern Power Distribution Company of Telangana (NPDCTL) for a period of 25 years at a fixed rate of approximately Rs 5.35 per kWh with a remaining life of approximately 20 years.
The target price of Torrent Power shares will be available by the end of financial year 2030. The price of the first share of Torrent Power will be Rs 1800. And the second Torrent Power share price target will be Rs 2000 by the end of the financial year 2030.
| Year | Torrent Power Share Price Target 2030 |
|---|---|
| First Target 2030 | Rs 1800 |
| Second Target 2030 | Rs 2000 |
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Future Prospects of Torrent Power Share
- Torrent Power plans to expand its renewable energy portfolio by acquiring existing projects and is also looking for new opportunities in the transmission and distribution sectors.
- Torrent Power and SPV is operating a 50 MW solar power project in the state of Telangana. A long-term power purchase agreement (PPA) for the project is with the Northern Power Distribution Company of Telangana (NPDCTL) for a period of 25 years at a fixed rate of approximately Rs 5.35 per kWh with a remaining life of approximately 20 years.
Torrent Power Share Price Target 2022, 2023, 2024, 2025, 2030 Table
| Year | Torrent Power Share Price Target |
|---|---|
| First Target 2022 | Rs 600 |
| Second Target 2022 | Rs 620 |
| First Target 2023 | Rs 700 |
| Second Target 2023 | Rs 745 |
| First Target 2024 | Rs 850 |
| Second Target 2024 | Rs 880 |
| First Target 2025 | Rs 1000 |
| Second Target 2025 | Rs 1050 |
| First Target 2030 | Rs 1800 |
| Second Target 2030 | Rs 2000 |
Risk of Torrent Power Share
- Torrent Power needs additional funding to engage its sector-wide business to its full potential, otherwise Torrent Power will not be able to deliver benefits or returns to its investors for years to come.
- Torrent Power has a very high debt to the company that needs to be reduced in the coming years or any sales or income they generate annually will be taken into debt to cover their debts.
Expert Views on Torrent Power Share
After analyzing Torrent Power stock with all the factors we can say that it is the best time to invest in Torrent Power stock which will offer the best value in the coming years.
Torrent Power Share Price Target F.A.Q.
– Where is the Headquarter of Torrent Power?
Torrent Power Headquarter in Ahmedabad, Gujarat.
– Who is the Present CEO of Torrent Power?
The Present CEO of Torrent Power is Jinal Mehta.
– In Which Business Torrent Power Involved?
Torrent Power Ltd is a leading integrated power utility company in India with presence across generation, transmission and distribution of power. Its operations are spread across the states of Gujarat, Maharashtra, Uttar Pradesh and Karnataka.
I hope that after reading the article Torrent Power Share Price Target 2022, 2023, 2024, 2025, 2030 you must have got a good idea what kind of performance can be seen in the growth of the Company. If you still have any question related to this article in your mind, then do not forget to tell in the comment at all. Stay tuned to Market in India for important information about this type of stock in the stock market.
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