May 30, 2013, 08.22 PM | Source: CNBC-TV18
According to Rajesh Agarwal, Head of Research at Eastern Financiers, one should hold on to Tata Power with a target of Rs 100 in the next three months.
Rajesh Agarwal (more)
, Aum Capital | Capital Expertise: Equity - Fundamental
“The finance charges last quarter were very high; they have gone up by 72 percent. We have to look at this quarter how they manage the finance cost. However, it is still trading at 1.5 times FY15 price to book, it is undervalued and one can hold on with a target of Rs 100-105 in the next three months,” Agarwal said.
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