Tata Power shares rise 2% after Q2 results. Why brokerages are bullish despite target price cuts

Shares of Tata Power rose more than 2% on Thursday after the company reported a 33% year-on-year (YoY) jump in net profit to Rs 1,652 crore for the second quarter of FY27, with brokerages maintaining their ‘Buy’ ratings as rise in coal profits offset large solar projects and group captive EPC losses.Tata Power shares rose to Rs 367.40 apiece on the NSE. Tata Group's integrated power company’s…

First reported by The Economic Times 4 hr ago1 source

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The Economic Times03:274 hr ago
Tata Power shares rise 2% after Q2 results. Why brokerages are bullish despite target price cuts (opens The Economic Times in a new tab)
Shares of Tata Power rose more than 2% on Thursday after the company reported a 33% year-on-year (YoY) jump in net profit to Rs 1,652 crore for the second quarter of FY27, with brokerages maintaining their ‘Buy’ ratings as rise in coal profits offset large…

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