BSE Code: | NSE Code: | ISIN: | Sector:

NSE
81.75
Change Change %
0.25 0.31%

Updated:23 Oct, 2017, 15:59 PM IST

BSE
81.70
Change Change %
-0.05 -0.06%

Updated:23 Oct, 2017, 15:45 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
16-08-2017 Buy 82.70 98.00
N/A
Open Long (1Y)
16-08-2018

Nomura maintains buy on Tata Power

At INR15.9bn ( 16% y-y), Tata Power's (TPWR's) normalized EBITDA was in-line with our/consensus forecast. While normalized PBT including share of profits from JVs/Associates less minority interest at INR4.6bn ( 28% y-y) was marginally above our forecast, normalized PAT at INR2bn (-7% y-y) came in 28%/41% below our/consensus forecasts.

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