Buy Tata Power, Adani Power: Ambareesh Baliga

Ambareesh Baliga, Managing Partner-Global Wealth Management at Edelweiss Financial told CNBC-TV18, "Tata Power Company is a buy, Adani Power is also a buy at this point of time. Sentimentally it is positive and it really shows the way the government is thinking as far as this is concerned. So, from that point of view I would say it is positive."

Tata Power's trailing 12-month (TTM) EPS was at Rs 4.51 per share. The stock's price-to-earnings (P/E) ratio was 18.33. The latest book value of the company is Rs 51.67 per share. At current value, the price-to-book value of the company was 1.6. The dividend yield of the company was 1.39 percent.