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.
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.
ICICI Securities has reiterated its BUY recommendation for Tata Power Ltd. (TPWR), raising the target price from Rs 500 to Rs 541, reflecting a 23% upside from the current market price of Rs 440.