TORNTPOWER

Fundamental View- Torrent Power Ltd., part of the Torrent Group, is a leading integrated power company engaged in generation, transmission, and distribution, with a diversified mix of gas-based, coal-based, and renewable energy capacity totaling approximately 4,838 MW. In FY25, it delivered strong financial performance, with consolidated net profit jumping over 141% year-on-year to ₹1,077 cr in Q4, primarily due to the one-time reversal of deferred tax liabilities. The annual net profit reached ₹3,059 cr on revenue of ₹29,165 cr, demonstrating sustained growth across gas-based and distribution segments, despite a slight 1% dip in Q4 revenue. Technical View- As seen on the daily chart, the stock has shown a strong recovery from its recent bottom over the past 10 days. On 19th June, the stock made a low of ₹1358.00, followed by a low of ₹1360.00 on 20th June, after which a continuous reversal has been observed. On the daily chart, the stock is firmly holding its 14-day and 55-day EMAs and is now trading above its 200-day EMA, reflecting strength in the technical setup. Today as well, the stock opened at ₹1469.90, made a low of ₹1438.00, and is currently trading around ₹1467.00. Both technically and fundamentally, the stock appears bullish, with positive signals emerging from RSI and MACD indicators, along with healthy volume growth. Given these factors, the stock can be considered for accumulation in the ₹1440–₹1450 dip range for portfolio addition. On the upside, the stock is likely to test levels of ₹1525–₹1530 in the near term, with a suggested stop-loss placed at ₹1400. Warning- ***** *****