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Business & Stocks Business Standard • Oct 09, 2026

Torrent Power Plummets 35% From April High to 31-Month Low as MOTILAL OSWAL Initiates Coverage With ₹1,270 Target

💡 Key Takeaways

•Torrent Power stock tanked 35% from its April peak to hit a 31-month low.
•MOTILAL OSWAL FINANCIAL SERVICES initiated coverage with a Neutral rating.
•The sum-of-the-parts (SoTP)-based target price has been set at ₹1,270.

NEW DELHI [NCRBuzz Wire] — ### Financial Performance and Market Valuation

**Torrent Power shares have retreated significantly from their yearly peak, dropping 35% from April highs to print a fresh 31-month low amid shifting market sentiment.** The correction reflects broader valuation adjustments across the Indian power sector as institutional analysts reassess forward earnings multiples and capital expenditure cycles.

### Institutional Coverage and Valuation Metrics

**MOTILAL OSWAL FINANCIAL SERVICES has officially initiated equity coverage on the company, issuing a Neutral investment rating.** Analysts at the brokerage established a sum-of-the-parts (SoTP)-based target price of ₹1,270, factoring in both regulated transmission-distribution margins and aggressive renewable energy capacity expansions.

| Financial Metric / Aspect | Details |

|---|---|

| Stock Correction | 35% decline from April peak |

| Current Low | 31-month valuation low |

| Brokerage Firm | MOTILAL OSWAL FINANCIAL SERVICES |

| Assigned Rating | Neutral |

| SoTP Target Price | ₹1,270 |

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🏛️ Background Context

The power sector in India is currently undergoing structural shifts with major utilities accelerating renewable energy integration while managing regulatory tariff caps. Equity valuations have experienced volatility due to rising capital expenditures required for green energy transition against legacy thermal assets.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What is the current stock price movement of Torrent Power?

Torrent Power shares have plummeted 35% from their April peak to hit a 31-month low.

Q2: Which brokerage initiated coverage and what is the target price?

MOTILAL OSWAL FINANCIAL SERVICES initiated coverage with a Neutral rating and an SoTP target price of ₹1,270.

Q3: What core business segments does Torrent Power operate in?

Torrent Power operates in electricity generation, transmission, and power distribution across multiple Indian states.

Verified Wires: Business Standard, Motilal Oswal Financial Services Research Original Wire Dispatch ↗

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