The Economic Times

Tata Power shares in focus after Q2 results. Why brokerages are bullish despite target price cuts

Tata Power achieved a 33% year-on-year increase in net profit for the second quarter of FY27. Revenue also rose by 26% year-on-year to 19,886 crore during this period. Brokerages maintained their 'Buy' ratings while adjusting their target prices based on the latest performance figures. The company's EBITDA saw a modest growth of 5% year-on-year to 4,245 crore. Overall, Tata Power's market capitalisation exceeds 1.