ICICI Securities has reaffirmed its BUY rating on Tata Power, projecting a target price of Rs 470, indicating an 18% upside from its current market price.
Tata Power share price managed to close 2.15 percent higher in a volatile trading session after US President announced tariffs and global markets witnessed decline.
Tata Power shares ended the trading session on Friday with 2% loss. The stock opened at Rs 384 and touched intraday high at Rs 386 before closing at Rs 375.
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.
