CMP: 218

Torrent Power Limited generates, transmits and distributes power. The Company also implements large power projects in India.

Torrent Power is a safe buy in large-mid-cap space with good growth prospects. Its currently trading at a P/E of little over 9. Excellent dividend yields of 2.50% in the last 12 months. Revenues have risen from 1376 Crores to 6834 Crores in the last 5 years. Profits have grown even more from 71 Crores to 1065 Crores in the last 5 years. NPM has grown outstandingly from 5% to over 15% over 5 years. From recession lows of 71, the company has grown in profits by 2.5 times which puts current bottom at 175 (Minimal downside from current levels which most likely wont come). Buy, accumulate on dips and hold for long term gains.