ICICI Securities has reiterated a Buy rating for Tata Power, maintaining a target price of Rs 470, which implies an upside potential of approximately 30% from the current price of Rs 362.

Power Grid Corporation stock will be in focus today as the public sector energy major announced 4 percent lower quarterly profit.

Power Finance Corporation shares jumped 3.86 percent as buying continued from lower levels.

Tata Power shares opened today's session at Rs 361 and that remained day's high. The stock drifted to intraday low at Rs 350 and closed the session near day's low.

Tata Power share price jumped by one percent in today's session. Tata Power opened the session at Rs 371.8 and touched an intraday high at Rs 374.

Power Grid Corporation shares were in demand on Wednesday among other Public Sector stocks that witnessed sustained buying from lower levels.