BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA maintains underperform on Tata Power Company
Recent Welspun acquisition was not cheap. Gearing ratio for Tata power likely to be at 2.8 times. Welspun deal has positives and negatives in the long run. Tata Power will need to offload its non-core investments.