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Tata Power shares up 12% after upgrade
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![Tata Power shares up 12% after upgrade Tata Power shares up 12% after upgrade](https://www.bizzbuzz.news/h-upload/2023/12/08/1828182-tata-power.webp)
New Delhi: Tata Power is up 12 per cent in trade on Thursday after an upgrade by a brokerage. Tata Power is trading at Rs 329 on BSE up by 12 per cent. JM Financial Institutional Securities said in a research that Tata Power’s recalibrated strategy involves tapping high-margin group captive RE (renewables) opportunities, exiting low-value businesses, venturing into brownfield pumped hydro storage, and expanding transmission business beyond distribution. This, coupled with the visible resolution of the Mundra issue, positions the company for accelerated growth.