Tata Power shares drop post Q2 results; here are revised stock price targets

Tata Power’s earnings from hereon, said Kotak Institutional Equities

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are premised on stability in the prices of imported coal and their contribution to earnings, growth from the renewable segment

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shares fell in Thursday's trade after the Tata group firm reported a 9 per cent year-on-year

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For the quarter, Tata Power's net profit was up 9 per cent YoY to Rs 1,017 crore, led by renewable energy (RE) portfolio and decent earnings from Odisha discoms

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Tata Power’s earnings from hereon, said Kotak Institutional Equities

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earnings estimates by 8.7 per cent for FY2024 and 2 per cent for FY2025

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