Tata Power Share Price: Buy Tata Power, target price Rs 97: Kotak Securities

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Kotak Securities has purchase name on Company with a target price of Rs 97. The present market price of Tata Power Company Ltd. is Rs 93.1.

Tata Power Company Ltd., included within the 12 months 1919, is a Mid Cap firm (having a market cap of Rs 29748.61 Crore) working in Power sector.

Financials
For the quarter ended 31-12-2020, the corporate reported a Consolidated Total Income of Rs 7702.84 Crore, down -8.75 % from final quarter Total Income of Rs 8441.60 Crore and up 7.94 % from final 12 months similar quarter Total Income of Rs 7136.04 Crore. Company reported internet revenue after tax of Rs 166.00 Crore in newest quarter.

Investment Rationale
Higher excessive and better low chart formation signifies bullish continuation in inventory to stay within the close to time period.

Promoter/FII Holdings
Promoters held 37.2 per cent stake within the firm as of June 30, 2020, whereas FIIs held 12.9 per cent, DIIs 31.4 per cent and public and others 18.5 per cent.





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