Tata Power may go to Rs 100: IIFL

Harshavardhan Dole, Power Analyst at IIFL told CNBC-TV18, "In the private space, we like Tata Power a lot. The risk reward with a two-year perspective is extremely beneficial to the investors. Our target price is based on the normalised earnings and that builds in Mundra earning ROE, which is anywhere between about 5-8 percent and that leads to a target price, which is closer to about Rs 100."

"National Thermal Power Corporation (NTPC) and Power Grid are our top picks in the public sector undertaking (PSU) space and we continue to believe that these revenue models will give long-term outperformance over a period of time," he added.