BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Nirmal Bang maintains buy on TD Power Systems
TD Power Systems posted consolidated revenues of Rs 120 crore in Q4, which is marginally below our estimates of Rs 130 crore as revenue from EPC segment declined 99 per cent as it has been wound up. It posted healthy improvement in gross margins by 650 basis points. The management expects a healthy pick-up in generator order inflows. The brokerage maintains buy on the stock with revised target price of Rs 409 compared to Rs 425 earlier.