Anand Rathi has given Buy recommendation for Tata Power Company with a target price of Rs. 223 in its research report issued on Oct 06, 2021
Anand Rathi’s research report on Tata Power Company
The Tata Power Company Limited (Tata Power), India’s largest integrated power company has a presence across the power value chain viz. generation of renewable as well as conventional power including hydro and thermal energy; transmission and distribution and trading. In line with the Company’s view on sustainable and clean energy development, Tata Power is steering the transformation of traditional utilities to providers of integrated solutions by initiating new business models in EV charging, Solar pumps and rooftops, Microgrids, Home automation and Smart meters.
Also, continued de-leveraging of the Balance Sheet through sale of non-core assets are key near-term triggers for the company. Therefore, we initiate our coverage with BUY rating on the stock with a target price of Rs.223.