Buy Tata Power Company, target price Rs 530: Motilal Oswal

Motilal Oswal has buy call on Tata Power Company with a target price of Rs 530. The current market price of Tata Power Company Ltd. is Rs 461.05.

Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 148199.85 Crore) operating in Power sector.

Tata Power Company Ltd. key Products/Revenue Segments include Power Supply, Project Management Fees, Other Operating Revenue, Power Distribution Net Work, Income from Finance Leases and Fly Ash for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 17540.98 Crore, up 6.54 % from last quarter Total Income of Rs 16463.94 Crore and up 13.28 % from last year same quarter Total Income of Rs 15484.71 Crore. Company reported net profit after tax of Rs 899.22 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.86 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.5 per cent, DIIs 15.38 per cent.