Buy Tata Power Company Ltd. at a price target of Rs 72.0 and a stoploss at Rs 67 from entry point.
Independent analyst Kunal Bothra has a buy call on Tata Power Company Ltd.NSE 1.40 % with a target price of Rs 72. The current market price of Tata Power Company Ltd. is Rs 68.6. Time period given by the analyst is Intra Day when Tata Power Company Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 67. Tata Power Company Ltd., incorporated in 1919, has a market cap of Rs 18554.75 crore.
Tata Power Company Ltd. key Products/Revenue Segments include Power Supply which contributed Rs 7583.42 Crore to Sales Value (95.59 % of Total Sales), Other Operating Revenue which contributed Rs 130.68 Crore to Sales Value (1.64 % of Total Sales), Project Management Fees which contributed Rs 125.03 Crore to Sales Value (1.57 % of Total Sales), Income from Finance Leases which contributed Rs 86.70 Crore to Sales Value (1.09 % of Total Sales), Carbon Credit which contributed Rs 3.89 Crore to Sales Value (0.04 % of Total Sales), Fly Ash which contributed Rs 2.21 Crore to Sales Value (0.02 % of Total Sales) and Renewable Energy Certificates which contributed Rs .90 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 7230.24 Crore, down -6.18 % from last quarter Sales of Rs 7706.71 Crore and down -8.42 % from last year same quarter Sales of Rs 7895.23 Crore Company has reported net profit after tax of Rs -125.37 Crore in latest quarter. The company’s top management includes Mr.Ashok Sinha, Mr.Banmali Agrawal, Mr.Deepak M Satwalekar, Mr.Hemant Bhargava, Mr.K M Chandrasekhar, Mr.Natarajan Chandrasekaran, Mr.Nawshir H Mirza, Mr.Praveer Sinha, Mr.Sanjay V Bhandarkar, Mr.Saurabh Agrawal, Ms.Anjali Bansal, Ms.Vibha Padalkar. Company has SRBC & Co LLP as its auditoRs As on 31-03-2019, the company has a total of 2,704,773,510 shares outstanding.
Source: economictimes.indiatimes
