Stock market analyst DD Sharma of Anand Rathi Securities has maintained 'buy' rating on Tata Power Ltd stock for the target period of 3 years.

Today, the stock of the company opened at Rs 1289.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1518.55 and a low of Rs 1211.70 on BSE.

Current EPS & P/E ratio stood at 35 and 36.11 respectively.

Tata Power Company is making discussions to get hold a majority equity stake in InterGen NV, the UK-based power generator, from GMR Infra with the aim to strengthen its worldwide occurrence.

InterGen has a generation capacitance of more than 6,300 megawatts (mw).

Its power facilities are situated in the United Kingdom, Netherlands, Mexico, Philippines and Australia.

Bangalore-based GMR Infrastructure, which purchased 50% equity stake in InterGen in the year 2008, has been searching a buyer as it is not happy with company's performance.

Moreover, country's biggest private power utility said that it will make an investment of Rs 700 billion to lift up its overall generation capacity eight times to 25,000 MW by the next seven years, (2017).

Ratan Tata, company's chairman, also said that the company's existing generation capacity is around 3,000 MW.