Agencies has add call on Tata Power Company with a target price of Rs 252. The current market price of is Rs 232.3. Time period given by analyst is one year when . price can reach defined target.
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 73764.41 Crore) operating in Power sector.
Tata Power Company Ltd. key Products/Revenue Segments include Power Supply, Project Management Fees, Other Operating Revenue, Income from Finance Leases and Fly Ash for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 14638.78 Crore, up 19.80 % from last quarter Total Income of Rs 12219.36 Crore and up 44.28 % from last year same quarter Total Income of Rs 10145.89 Crore. Company reported net profit after tax of Rs 80.54 Crore in latest quarter.
Investment Rationale
The brokerage maintains SoTP-based target price of Rs262 on TPWR, but downgrades the stock to ADD (from Buy) due to stock price run-up (12.3% over past 6M). It believes, the long-term potential of the company's businesses is good, especially its renewables and distribution businesses, and that the company is the best-placed private player in the power sector, with businesses across the value chain and backward integration.
Promoter/FII Holdings
Promoters held 46.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.1 per cent, DIIs 14.69 per cent.
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 73764.41 Crore) operating in Power sector.
Tata Power Company Ltd. key Products/Revenue Segments include Power Supply, Project Management Fees, Other Operating Revenue, Income from Finance Leases and Fly Ash for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 14638.78 Crore, up 19.80 % from last quarter Total Income of Rs 12219.36 Crore and up 44.28 % from last year same quarter Total Income of Rs 10145.89 Crore. Company reported net profit after tax of Rs 80.54 Crore in latest quarter.
Investment Rationale
The brokerage maintains SoTP-based target price of Rs262 on TPWR, but downgrades the stock to ADD (from Buy) due to stock price run-up (12.3% over past 6M). It believes, the long-term potential of the company's businesses is good, especially its renewables and distribution businesses, and that the company is the best-placed private player in the power sector, with businesses across the value chain and backward integration.
Promoter/FII Holdings
Promoters held 46.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.1 per cent, DIIs 14.69 per cent.
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