Tata Power‘s share price snapped its three-day winning streak on Thursday even as the company’s September quarter earnings beat street estimates. The company has had a rollercoaster year, after hitting record lows up until March, the stock made a strong comeback going on to hit a new 52-week high of ₹276.50 last month.
The Investment: If you invest ₹10,000 in Tata Power today, you will be able to buy around 40 Tata Power shares. Now, if the stock plunges back to its all-time low of ₹27, which it hit in May 2020, those 40 shares would be worth around ₹1,080.
Earnings Overview: Tata Power saw its consolidated net profit surging 8.79% to ₹1,017.41 crore, compared to ₹935 crore in the corresponding period last year. The company’s revenue witnessed growth of 9% to reach ₹15,442 crore.
However, analysts remained largely unimpressed by the robust numbers. Here are the latest analyst calls on the stock:
|Brokerage Firm||Rating||Target Price (₹)|
Price Action: Tata Power’s share price was down 2.33% to trade at ₹249 in the late hours of trading on Thursday.
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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.
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