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However, analysts are positive on the stock now. โWe have seen a huge downside movement in the stock due to the central electricity regulatory commissionโs (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at โน43,559 crore at the end of March 2021 compared to the companyโs market capitalisation of โน44,447 crore.
๐ฎ๐ณ ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐ ๐ฎ๐ณ from IT