Torrent Power SEC Limited

After living in Delhi - Ahmedabad and Surat came a great respite .. from power cuts. The AEC (Ahmedabad Electricity Company) and SEC (Surat Electricity Company) are governed by Torrent Power and both stocks have good valuations .... SEC being the better half.
1. SEC gives upwards of 10 crs every quarter and would close the year at 60 crs.
2. The stock is available at a fwdPE of 9.15 which is pretty good.
3. The energy sector is on an upscale and Surat's energy consumption is surely on the rise ... aren't you hearing news on textile and diamonds more often ... ?

One pt. - the growth of the company will be dependent on the geographical spread. So although I see an upside to the stock ... maybe hitting 720 rupees in the next 3-4 months ... further holding will need to be checked with every quarter.