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  • Tata Power Shares: Accumulate Tata Power, Target Price Rs 258: Elara Capital | Daily News Byte
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Tata Power Shares: Accumulate Tata Power, Target Price Rs 258: Elara Capital | Daily News Byte

bemaaddeepak October 3, 2022
Tata Power Shares: Accumulate Tata Power, Target Price Rs 258: Elara Capital

 | Daily News Byte

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Elara Capital has accumulated a call with a target price of Rs 258. The current market price of Tata Power is Rs 216.05.

The period given by the analyst is one year when . The price can reach the set target.

Tata Energy Company Limited, established in 1919, is a Mid Cap company (with a market capitalization of Rs 69179.10 Crore) operating in the energy sector.

Tata Energy Company Limited. Key products/revenues include energy supply, project management fees, other operating income, finance lease income and fly ash for the year ending 31-Mar-2022.


Finance

For the quarter ended 30-06-2022, the company reported a total revenue of Rs 14638.78 Crore, an increase of 19.80 % from the previous quarter’s total revenue of Rs 12219.36 Crore and an increase of 44.28 % from the same quarter of total revenue of Rs. 1014.5 last year. The company reported a net profit after tax of Rs 80.54 crore in the latest quarter.

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.

(Disclaimer: The advice given in this section or any report attached hereto is written by an external person. The views expressed are those of the author/entity concerned. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and disclaims all warranties, express or implied, relating to the same. Please consult your financial advisor and seek independent advice.

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