Business
Tata Sons Public Share Sale May Boost Tata Power Stock Value Says Axis Capital
Reported by Abhishek Tiwari (Copy Editor) · Livemint - Markets ·
Representative image · Wikimedia CommonsValue Unlock
Tata Sons moving closer to a stock market listing could unlock major value for Tata Power. Tata Power holds a one point six five percent stake in the main Tata group holding company and promoter firm. Axis Capital has studied how this share sale could affect Tata Power and its stock price.
Price Target
The brokerage firm has kept an Add rating on Tata Power stock. It set a target price of four hundred fifteen rupees. This points to a fourteen percent price rise from Friday's closing price. Axis Capital values Tata Power's stake up to sixteen thousand five hundred crore rupees if Tata Sons lists at ten lakh crore rupees.
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