Mar 16, 2017 03:48 PM IST | Source: CNBC-TV18

Hold Tata Power, may test Rs 110: Vijay Chopra

Vijay Chopra of enochventures.com is of the view that one may hold Tata Power Company.

Vijay Chopra of enochventures.com told CNBC-TV18, "I think that a lot is still to come in the power space and Tata Power is well placed for an up move. My take is, if somebody holds on to this stock for about 12-18 months, the target I would recommend is Rs 110. I see a decent upside in this stock though management is stable, the business has been overall stable, and I think that with a stable government on the Center there is going to be a lot of reforms as far as power goes."

"Piyush Goyal is already working on it, so power companies should benefit and I think that this euphoria around the market should catch up the power players also. So, I like Tata Power, PTC, companies like these and I think that decent upside in all these counters. So, definitely hold on to the stock," he added.

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