Reduce Torrent Power, target price Rs 1,165: ICICI Securities

ICICI Securities has a reduce call on Torrent Power Ltd. with a revised target price of Rs 1165 (earlier Rs 1,500). The current market price of Torrent Power Ltd. is Rs 1358.45. Torrent Power, incorporated in 2004, is a Mid Cap company with a market cap of Rs 68087.45 crore, operating in the…