Buy Adani Power Limited and Shipping Corporation of India Limited

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Buy Adani Power Limited:

Adani Power Limited

Adani Power Ltd has officially announced a standalone sales of Rs. 6,894.84 Cr for the third quarter finished on 31-12-2020, which is 2.00% up from its previous quarter sales of Rs. 7,749.21 Cr and 1.44% up from its previous year same quarter sales of Rs. 6,574.82 Cr. The company reported a net profit after tax of Rs. 82.99 Cr in the previous quarter.

Outlook:

Adani Power Ltd: Experts suggested buy call at current market price: Rs. 59.35 with a target price: Rs. 70; stoploss: Rs. 55.

Buy Shipping Corporation of India Limited:

 

shipping corporation of India Limited

 

Shipping Corporation of India Ltd has officially announced a consolidated sales of Rs. 841.23 Cr for the third quarter finished on 31-12-2020, which is 0.81% down from its previous quarter sales of Rs. 843.21 Cr and 1.44% down from its previous year same quarter sales of Rs. 1,257.61 Cr. The company reported a net profit after tax of Rs. 4.10 Cr in the previous quarter.

Outlook:

Shipping Corporation of India Ltd: Experts suggested buy call at current market price: Rs. 119.45 with a target price: Rs. 130; stoploss: Rs. 110.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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