My Best Pick 2013

It's a googly

The odds are stacked against Torrent Power, but it could surprise on the upside

Suresh Mistry

Torrent Power is one of the conventional, focused utility companies in the Indian power sector. While investors may find many hybrid variants of the original utility model in the form of Adani Power, JSW Energy, Tata Power, GMR Infra and so on, Torrent Power is involved in end-to-end power supply in Ahmedabad and Surat. The going has been tough for the company in the past year with uncertainties related to resource availability for its major expansions and rough weather in the Agra circle, which it took over in 2010. This is reflected in the gradual share price decline and the fall in its profitability from 2011 to 2013.