Buy Tata Power Company, target price Rs 250: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Tata Power Company with a target price of Rs 250. The current market price of Tata Power Company is Rs 242.15. Time period given by analyst is Intra Day when Tata Power Company Ltd. 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 77119.52 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-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 11018.73 Crore, up 8.16 % from last quarter Total Income of Rs 10187.33 Crore and up 43.05 % from last year same quarter Total Income of Rs 7702.84 Crore. Company reported net profit after tax of Rs -106.17 Crore in latest quarter.

Investment Rationale
Making higher highs from last 3 sessions and followup buying can be seen at higher zones with volumes



Promoter/FII Holdings
Promoters held 46.86 per cent stake in the company as of 31-Dec-2021, while FIIs owned 10.84 per cent, DIIs 15.57 per cent.