Quotes with Resistance & Support
Market Information

Motilal Oswal neutral on Tata Power

Posted on: April 7th, 2009 and is filed under Brokerage Recommendations.

Motilal Oswal has maintained its neutral rating on Tata Power Company with a target price of Rs 763 in its April 2, 2009 research report.

“We expect Tata Power to report consolidated net profit of Rs 13.6 billion in FY09, Rs 16.6 billion in FY10, and Rs 14.7 billion in FY11. We arrive at an SOTP-based target price of Rs 763, comprising of power business at Rs 323/share, defense business at Rs 3/share, Delhi distribution business at Rs 76/share, Tata BP Solar at Rs 5/share, investments and cash balance (net off debt) at Rs 177/share, stake in KPC/Arutmin mines at Rs 146/share, Mundra UMPP at Rs 23/share, and Maithon Power Project at Rs 7/share. The stock trades at 11.9x FY10E and 13.4x FY11E EPS. We maintain Neutral,” says Motilal Oswal’s research report.

Tags: , , ,

Similar Posts:


+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments