Tata Power: Buy Tata Power, target price Rs 244: Prabhudas Lilladher | Daily News Byte

Tata Power: Buy Tata Power, target price Rs 244: Prabhudas Lilladher

 | Daily News Byte


Prabhudas Lilladher bought the call with a target price of Rs 244. The current market price of Tata Power Company is Rs 221.95. The period given by the analyst is the average period when the price of Tata Power Company can reach the set target. Prabhudas Lilladher recommends keeping the stop loss at Rs 214.

Tata Power Company, established in 1919, is a Mid Cap company (with a market capitalization of Rs 70872.63 Crore) operating in the Power sector.

Tata’s main product/income segments include energy supply, project management fees, other operating income, finance lease income and fly ash for the year ending 31-Mar-2022.


For the quarter ended 30-09-2022, the company reported a total revenue of Rs 14181.07 Crore, a decrease of -3.13 % from the previous quarter’s total revenue of Rs 14638.78 Crore and an increase of 39.20 % from the same quarter of last year’s total revenue of Rs.3318 Crore. Hundred million. The company reported a net profit after tax of Rs -284.22 Crore in the latest quarter.

The senior executives of the company include Mr. Natarajan Chanthasekaran, Ms. Anjali Bansan, Mr. KM Chanthasekara, Mr. Sanjeev Vangkan, Ms. Veerappa Pandakha, Mr. Heman Bahakawa, Mr. Ashok Sinha, Mr. Banmali Akwav, Mr. Praveer Sinha. , Mr. Seng Arun Akwao. The company has SRBC & Co LLP as its auditor. As of 30-06-2022, the company has a total of 320 Crore shares.

Promoter/FII Holdings
Promoters hold 46.86 percent stake in the company as on June 30-2022, while FIIs own 10.1 percent, DIIs 14.69 percent.

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