Citi sees 41% upside for Tata Power shares
after close1 source ↓written by the desknot a recommendation
- from the current
- 41.4% potential upside
- to ₹19
- 6% revenue increase
- to ₹3
- 8% rise in EBITDA
Citi has maintained a Buy rating on Tata Power, setting a target price of ₹525, indicating a 41.4% potential upside from the current price of ₹371.25. The firm reported a 6% revenue increase to ₹19,100 crore and an 8% rise in EBITDA to ₹3,900 crore for Q1 FY27, aligning with consensus estimates. Citi highlights the company's focus on renewables and T&D, enhancing business resilience.
Not investment advice. For informational purposes only.