The stock gave multibagger returns of 250 per cent in 3 years and a whopping 1,900 per cent in a decade.

The stock gave 25 per cent returns in 3 months and over 70 per cent in 6 months.

The shares of the PE of 12.5x whereas the industry PE is 23x and it is currently trading at 1.12 times its book value.

The stock is up by 55 per cent in just 6 months, 87 per cent in 3 years and generated multibagger returns of over 800 per cent in a decade.

The project is expected to have a revenue potential of approximately Rs 3,000 crore for the entire project, signifying its strong appeal to the target audience.

According to the consolidated quarterly results, the net sales increased by 2 per cent to Rs 15,003 crore (due to higher sales across distribution companies and capacity addition in renewables), EBITDA increased by 43 per cent to Rs 3,005 crore and the net profit increased by 29 per cent to Rs 1,141 crore in Q1FY24 compared to Q1FY23.

The company has a market cap of Rs 1,75,000 crore and a robust order book worth Rs 48,700 crore as of June 30, 2023. The company has been maintaining a healthy dividend payout of 60.0 per cent and the stock is providing a good dividend yield of 4.39 per cent.

According to the quarterly results, the net sales increased by 54.79 per cent to Rs 189.36 crore and the net profit increased by 49.59 per cent to Rs 33.26 crore in Q1FY24 compared to Q1FY23. 

In Q1FY24, the net sales increased by 21.06 per cent to Rs 3,093 crore, the operating profit increased by 24.06 per cent to Rs 330 crore and the net profit increased by 20 per cent to Rs 180 crore compared to Q1FY23.

Previously, the company signed an MoU with the Government of Maharashtra and Torrent Power Ltd for the development of three pumped storage hydro projects of 5,700 MW capacity in the State of Maharashtra. The projects would entail an investment of about Rs 27,000 crore and would provide employment to approx. 13,500 people during the construction period. Torrent intends to execute these projects over a period of 5 years.