My Account
Tata Power share price touched a 52-week low of Rs 50.35, falling 2.6 percent in the early trade on February 26 after foreign research hosue downgraded the stock and cut the target price.
Research house Jefferies downgraded the stock to hold from buy and also cut target price to Rs 55 from Rs 90 per share.
According to Jefferies, between a renewable energy acquisition & incremental capex, a material debt decline seems elusive, while lower coal prices led to a 15-20 percent decline in our FY20-21 EPS.
At 09:21 hrs Tata Power Company was quoting at Rs 50.60, down Rs 1.10, or 2.13 percent on the BSE.
Trade setup for Monday: Top 15 things to know before Opening Bell Watch more 
Explained | Can US President Donald Trump’s impeachment drag down Wall Street? Watch more 
ITR 2019-20: Income tax refund not received yet? Here are ways to check status Watch more 
Ideas For Profit | Bharat Dynamics: Do robust order book, compelling valuations make it a good bet? Watch more 
