IIFL Predicts Significant Re-rating Opportunity for Tata Power Shares Based on Key Factors

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

IIFL: Tata Power Shares Poised for 24% Upside on Coal Price Surge, Mundra Resolution

Tata Power | The management told CNBC-TV18 that the Mundra plant did not operate in Q3 impacting its performance. The company is in the final stages of signing a supplementary PPA with the Gujarat Government where only one issue is pending and a resolution is expected in a matter of weeks. The company has also not heard anything on the UP DISCOM privatization getting delayed. The company's revenue and EBITDA were below estimates, margins were in-line, while profits were higher.

C

CNBC TV18•04-03-2026, 08:49

IIFL: Tata Power Shares Poised for 24% Upside on Coal Price Surge, Mundra Resolution

•IIFL maintains "buy" rating on Tata Power, setting a price target of ₹455, implying 24% upside.
•Global coal prices expected to surge due to escalating energy supply-chain disruptions from US-Iran-Israel conflict and Qatar drone attacks.
•Tata Power's Indonesian coal mining operations could see profit recovery; $20/tonne coal price increase boosts consolidated earnings by 10%.
•Expedited resolution of issues at Mundra, which impacted profits by ₹1,000 crore, could significantly improve profitability.
•Shares trade at 10x 12-month forward EV/EBITDA, below its 11x long-term median, indicating re-rating potential.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

JPMorgan Bullish on Groww: Sees 30% Upside, Calls it 'Most Lucrative' Platform

JPMorgan Bullish on Groww: Sees 30% Upside, Calls it 'Most Lucrative' Platform

Tata Steel Q3: Profit Beats Estimates, Debt Down; Brokerages Divided on Future Upside

Tata Steel Q3: Profit Beats Estimates, Debt Down; Brokerages Divided on Future Upside

Kotak Warns: GAIL Faces 14% Downside Amid Multiple Worries

Kotak Warns: GAIL Faces 14% Downside Amid Multiple Worries

FIIs-DIIs Data: 2026 में अब तक विदेशी निवेशक कुल 37,997 करोड़ रुपये की शुद्ध बिकवाली कर चुके हैं

FIIs Boost Indian Market: ₹2,255 Crore Inflow, Second Day of Buying

Representational image (Image: News18)

Gold-loan NBFC Profitability to Stay Robust at 4.25-4.5 pc in FY27: Crisil

BSE के लिए दिसंबर 2025 तिमाही धमाकेदार रही और तिमाही आधार पर इसका टर्नओवर 30% बढ़ गया।

BSE Shares Soar Over 6% on Stellar Q3 Results; Brokerages Raise Target Prices