Economic TimesLean R·
Tata Power shares get Equal Weight rating from Morgan Stanley with target price of Rs 399
Shares of Tata Power were trading about 1% lower at Rs 373 during Tuesday's session, even as Wall Street brokerage Morgan Stanley maintained its "Equal Weight" rating on the stock. The brokerage retained its target price of Rs 399 following the company's decent Q1 FY27 performance, which saw net profit rise 11% year-on-year and revenue grow 8%.In an exchange filing dated July 27, Tata Power reported a consolidated profit after tax (PAT) of Rs 1,401 crore for Q1FY27, compared with Rs 1,262 crore…
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