Tata power share price: Tata Power Company shares rose 3 percent to Rs 373 on 5 February. The company recorded a profit of Rs 1,188 crore for the third quarter of FY 2024-25 with an annual increase of 10 percent annually in consolidated net profit. It was more than estimated. The increase in earnings was due to the company’s main businesses- production, transmission, distribution and better renewal in renewable energy. The company’s revenue increased by 3 percent to Rs 15,793 crore. While the company’s Ebitda increased by 7 percent to Rs 3,481 crore. CEO and MD Praveer Sinha made the company continuously profitable among 21 quarters due to the contribution of all segments.
However, the brokerage firm was divided on stock. Nuwama has maintained a “Redus” rating with a target price of Rs 343. The company is accelerating solar modules and cell manufacturing. Nuwama believes that FY26’s estimated price is higher than the reward at the current valuation of 2.9 times of the value-to-book value.
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Despite the expected figures in most business segments except Mumbai and Odisha Discom, Morgan Stanley has given a bullish opinion with a “overweight” call and a target of Rs 583 per share. The firm highlighted the employed capes worth Rs 10,000 crore in Q4. The same period is guided to turn on 600 MW renewable energy.
The CLSA maintained a “underperform” rating with a target of Rs 351, citing weak Q3 results under the leadership of its subsidiary Tata Projects. Due to which the PAT decreased by 6 percent annually. The company’s profits were affected by weakness and rising interest cost in renewable business. In addition, the fall in marine coal prices led to a 17 percent decline per ton of coal profits per tonne.
At around 9:20 am today, the company’s shares were trading at Rs 2.2 percent more than the previous bandh on NSE at Rs 370. The share price of Tata Power Company has fallen by 15 percent in the last three months.
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