Tata Power rating: Maintain ‘buy’ with revised fair value of Rs 70

Tata Power laid out its five year target to double its revenues (Rs 289 bn in FY2020) and triple its profits (Rs 12 bn in FY2020), while nearly halving its debt to Rs 250 bn (from Rs 436 bn as of March 2020).

from The Financial Express https://ift.tt/3l32wnL