Motilal Oswal has buy call on Company with a target price of Rs 123. The current market price of Tata Power Company Ltd. is Rs 102.15.
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 33007.86 Crore) operating in Power sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 10222.48 Crore, up 32.71 % from last quarter Total Income of Rs 7702.84 Crore and up 50.46 % from last year same quarter Total Income of Rs 6793.95 Crore. Company reported net profit after tax of Rs 132.96 Crore in latest quarter.
Investment Rationale
Divestment-related measures and infusion from the promoter has aided debt reduction. The EPC businesses have picked up pace, led by the healthy order book at Tata Power Solar. Possible benefits from the merger of CGPL and Tata Power Solar will boost profitability
Promoter/FII Holdings
Promoters held 46.9 per cent stake in the company as of March 31, 2021, while FIIs held 12.2 per cent, DIIs 20.9 per cent and public and others 20.1 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 33007.86 Crore) operating in Power sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 10222.48 Crore, up 32.71 % from last quarter Total Income of Rs 7702.84 Crore and up 50.46 % from last year same quarter Total Income of Rs 6793.95 Crore. Company reported net profit after tax of Rs 132.96 Crore in latest quarter.
Investment Rationale
Divestment-related measures and infusion from the promoter has aided debt reduction. The EPC businesses have picked up pace, led by the healthy order book at Tata Power Solar. Possible benefits from the merger of CGPL and Tata Power Solar will boost profitability
Promoter/FII Holdings
Promoters held 46.9 per cent stake in the company as of March 31, 2021, while FIIs held 12.2 per cent, DIIs 20.9 per cent and public and others 20.1 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
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