AgenciesICICI Direct has buy call on with a target price of Rs 258. The current market price of Tata Power Company is Rs 248. Time period given by analyst is 14 days 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 79947.40 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 expects the stock to head towards Rs 258 levels in the coming weeks being the 61.8% retracement of the Apr-Jun 2022 decline (Rs 298-190)
Promoter/FII Holdings
Promoters held 46.86 per cent stake in the company as of 31-Mar-2022, while FIIs owned 10.82 per cent, DIIs 15.88 per cent.
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 79947.40 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 expects the stock to head towards Rs 258 levels in the coming weeks being the 61.8% retracement of the Apr-Jun 2022 decline (Rs 298-190)
Promoter/FII Holdings
Promoters held 46.86 per cent stake in the company as of 31-Mar-2022, while FIIs owned 10.82 per cent, DIIs 15.88 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Experience Your Economic Times Newspaper, The Digital Way!
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by