Tata Power shares rise 2% after Q2 results. Why brokerages are bullish despite target price cuts
Tata Power achieved a 33% year-on-year increase in net profit for the second quarter of FY27. Revenue also rose by 26% year-on-year to ₹19,886 crore during this period. Brokerages maintained their 'Buy' ratings while adjusting their target prices based on the latest performance figures. The company's EBITDA saw a modest growth of 5% year-on-year to ₹4,245...
Key Takeaways
- Tata Power achieved a 33% year-on-year increase in net profit for the second quarter of FY27.
- Revenue also rose by 26% year-on-year to ₹19,886 crore during this period.
- Brokerages maintained their 'Buy' ratings while adjusting their target prices based on the latest performance figures.
Tata Power achieved a 33% year-on-year increase in net profit for the second quarter of FY27. Revenue also rose by 26% year-on-year to ₹19,886 crore during this period. Brokerages maintained their 'Buy' ratings while adjusting their target prices based on the latest performance figures. The company's EBITDA saw a modest growth of 5% year-on-year to ₹4,245 crore. Overall, Tata Power's market capitalisation exceeds ₹1.
Original Publisher Attribution
This summary was curated from Economic Times.