Buy Tata Power Company, target price Rs 252: ICICI Direct

ICICI Direct has buy call on Tata Power Company with a target price of Rs 252. The current market price of Tata Power Company is Rs 211.1. Time period given by analyst is 3 months 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 67549.48 Crore) operating in Power sector.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 12219.36 Crore, up 10.90 % from last quarter Total Income of Rs 11018.73 Crore and up 19.53 % from last year same quarter Total Income of Rs 10222.48 Crore. Company reported net profit after tax of Rs 507.19 Crore in latest quarter.



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.