Tata Power Share Price Rises As Brokerages Extend Bullish Outlook

Motilal Oswal has reiterated its ‘buy’ rating on Tata Power, setting a target price of Rs 490, which implies a 35% upside from the current market price of Rs 362.

Tata Power’s Q3 FY25 Ebitda was up 38% year-on-year, but 4% below Motilal Oswal’s estimate. The rise in Ebitda was driven by…