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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