Buy Tata Power Company; target of Rs 460: Geojit Financial Services
Tue, Nov 26, 2024 4:39 PM

Buy Tata Power Company; target of Rs 460: Geojit Financial Services

A Flip by Avya Verma
Get it on Google Play
Tata Power Company's Q2FY25 revenue declined 0.3% YoY to Rs. 15,698 cr due to muted power demand from prolonged monsoon, but EBITDA rose 25.9% YoY to Rs. 4,258 cr driven by lower cost of sales, leading to a 7.4% YoY increase in profit after tax to Rs. 1,093cr, prompting a rating upgrade to BUY with a target price of Rs. 460.

More great flips

Top Gainers and Losers today on 28 November, 2024

Top Gainers and Losers today on 28 November, 2024

💰Among the top gainers in the Nifty index today were Adani Enterprises (up 1.64%), Shriram Finance (up 0.82%), State Bank of India (up 0.57%), and Cipla (up 0.11%). 💰Conversely, the top losers included SBI Life Insurance Company (down 5.10%), Infosys (down 3.53%), Mahindra & Mahindra (down 3.53%), HDFC Life Insurance Company (down 3.36%), and Bajaj Finance (down 2.92%).

Open Flip
Japanese Bank Eyes India's PE Industry

Japanese Bank Eyes India's PE Industry

Mizuho Financial Group Inc. plans to expand into India's venture capital and private equity market, targeting "financial sponsors" to offer a range of services, including wealth management, advisory, and loan capital. The Japan-based bank aims to start the initiative as early as next year, following a similar strategy to local and international lenders.

Open Flip
Multibagger IT stock is close to record high: Ceinsys Tech

Multibagger IT stock is close to record high: Ceinsys Tech

The Ceinsys Tech share price is trading near its 52- week high of ₹1588.60, which also happens to be its record high, after recording 4% gains on Thursday (28 November, 2024). Ceinsys Tech share price that has gained 293% in last one year has gained more than 1900% in last 5 years , giving Multibagger returns to investors. For Q2FY25, Ceinsys Tech operational revenues grew by 54% Y/Y to ₹90 crores

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon