tata power target price, this share of TATA will show ‘power’, the company has made a profit of crores; Don’t miss the earning opportunity! – tata power share price tata group stock surges 3 percent expert bullish check target price
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The current week will see strong action in the Indian stock market. While Adani Group’s shares are being discussed among investors, the shares of Tata Group’s power company can also earn investors once again. Market experts are bullish on Tata Power’s stock and recommend buying the stock. In the December quarter, the company has made a bumper profit and Tata Power’s profit has increased to Rs 1,052.14 crore compared to last year.
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What do analysts think?
Tata Power has reported strong quarterly results during October-December 2022. Antique stock broking firm is bullish on the Tata Group stock on the back of strong quarterly results. The brokerage has recommended Buy on the Tata Group stock with a target price of Rs 272. The company’s shares are currently trading at Rs 210, up around 3 percent.
Financial results of the company
Tata Power’s consolidated net profit nearly doubled to Rs 1,052.14 crore in the third quarter of the current fiscal. The company reported to BSE on Friday that the increase in profit was due to strong income from the business during October-December 2022. Whereas Tata Power’s consolidated net profit for the December quarter of the previous financial year 2021-22 was Rs 551.89 crore. At the same time, the company’s total revenue for the quarter under review also stood at Rs. It increased from 11,018.73 crores to 14,401.95 crores. Tata Power is one of the leading integrated power companies with a managed capacity of 14,101 MW.
(Note: The information provided here is for informational purposes only and should not be considered as investment advice. Investing in the market is subject to risk. So, always seek expert advice before investing.)
