Buy Tata Power: target of Rs 485: ICICI Securities
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ICICI Securities suggests buying Tata Power shares with a target price of Rs 485.
- ✓The firm said Tata Power is changing from a thermal utility into a green energy platform.
- ✓Its diverse portfolio showed broad growth in Q2FY27.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
ICICI Securities research report on Tata Power Tata Power (TPWR) is steadily rewiring itself from a thermal-anchored utility into an integrated energy platform. Its generation portfolio is incrementally turning greener, a large storage capacity is under development, its T&D business is widening its base, it is going upstream in renewables through cell and module capacity with ingot/wafer next in line, and it has a market-leading rooftop solar franchise. The portfolio is as diverse as it gets and the very diversity augurs well for its growth in the dynamic Indian energy landscape. Broad-based growth was evident in Q2FY27.
Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Tata Power - 1211026 - icici
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