Independent Analyst Kunal Bothra has a sell call on Tata Power Company Ltd. with a target price of Rs 57. The current price of Tata Power Company Ltd. is Rs 60.55. Time period given by the analyst is Intra Day when Tata Power Company Ltd. price can reach defined target. Kunal Bothra recommended to keep a stop loss at Rs 62.
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 16282.74 Crore) operating in Power sector.
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) for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 7677.82 Crore, down 1.14 % from last quarter sales of Rs 7766.72 Crore and up 4.41 % from last year same quarter sales of Rs 7353.41 Crore. Company has reported net profit after tax of Rs 157.70 Crore in latest quarter.
Source: Economic Times
