More power to this power stock!

This is most underrated power stock and historically there has been valid reasons for its underperformance specially the power regulations & decision making process in Indias complex political system’. But recently the stock has shown resilience and is ready for its next big leap.

Stock Name : Tata Power , current price 122 , target 140 in 2 months and 176 in 6 months.

Recommendation Rationale :

  • Aggressive debt repayment , though working capital liability has increased
  • Consistent operational growth
  • Strategically investing for forward and backward integration
  • TTM EPS highest after March 2018
  • Price breakout with end of long consolidation phase

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