India's Torrent Power rises on getting letter of intent for energy storage project
18/09/2024 04:58
** Shares of Torrent Power TOPO.NS rise 3.9% to 1,849.45
rupees
** Co got letter of intent from Maharashtra State
Electricity Distribution Co for hydro energy storage project
** Stock closed flat on Tuesday after rising for five
straight sessions
** TOPO rated "sell" on avg, rivals Tata Power TTPW.NS and
Power Grid Corp PGRD.NS rated "hold" - LSEG data
** TOPO up 98% YTD vs 34% and 42% climbs in TTPW and PGRD,
respectively
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com))
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