Buy Tata Power, price target Rs 60: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Tata Power Company Ltd. with a target price of Rs 60.0 . The current price of Tata Power Company Ltd. is Rs 57.3 . Manas Jaiswal recommended to keep a stoploss at Rs 55 .

Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 15309.02 Crore) operating in Power sector.

Tata Power Company Ltd. key Products/Revenue Segments include Power Supply which contributed Rs 7583.42 Crore to Sales Value (95.59 % of Total Sales), Other Operating Revenue which contributed Rs 130.68 Crore to Sales Value (1.64 % of Total Sales), Project Management Fees which contributed Rs 125.03 Crore to Sales Value (1.57 % of Total Sales), Income from Finance Leases which contributed Rs 86.70 Crore to Sales Value (1.09 % of Total Sales), Carbon Credit which contributed Rs 3.89 Crore to Sales Value (0.04 % of Total Sales), Fly Ash which contributed Rs 2.21 Crore to Sales Value (0.02 % of Total Sales) and Renewable Energy Certificates which contributed Rs .90 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 7677.82 Crore, down -1.14 % from last quarter Sales of Rs 7766.72 Crore and up 4.71 % from last year same quarter Sales of Rs 7332.58 Crore Company has reported net profit after tax of Rs 157.70 Crore in latest quarter.

The company’s top management includes Mr.Ashok Sinha, Mr.Banmali Agrawal, Mr.Hemant Bhargava, Mr.K M Chandrasekhar, Mr.Natarajan Chandrasekaran, Mr.Praveer Sinha, Mr.Sanjay V Bhandarkar, Mr.Saurabh Agrawal, Ms.Anjali Bansal, Ms.Vibha Padalkar. Company has SRBC & Co LLP as its auditoRs As on 30-09-2019, the company has a total of 2,704,773,510 shares outstanding.