Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 5582.61 Crore) operating in Power sector.
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 3520.00 Crore, up 15.15 % from last quarter Total Income of Rs 3057 Crore and up 10.97 % from last year same quarter Total Income of Rs 3172 Crore. Company reported net profit after tax of Rs 308.00 Crore in latest quarter.
The stock has witnessed a positive breakout during the start of the month and since then it is holding ground above short-term averages. Sustenance above Rs 370 is likely to unlock further upside potential.
Promoters held 54.37 per cent stake in the company as of March 31, 2020, while FIIs held 7.37 per cent, DIIs 29.17 per cent and public & others 8.71 per cent.