Tata Power shares slip as Morgan Stanley keeps Equal Weight rating, Rs 399 target
Key Takeaways
- •Morgan Stanley reaffirmed its ‘Equal Weight’ rating on Tata Power and kept the target price at Rs 399.
- •Tata Power shares traded lower after the company’s Q1 FY27 results.
- •The company reported double-digit profit growth and record quarterly capital expenditure.
- •Tata Power said its renewable energy, transmission and distribution businesses delivered strong performance.
- •The update highlights market focus on execution in capital-intensive power businesses.
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Tata Power shares slip as Morgan Stanley keeps Equal Weight rating, Rs 399 target
Tata Power shares traded lower on the day even as Wall Street brokerage Morgan Stanley maintained its "Equal Weight" rating and kept its target price at Rs 399 after the company’s Q1 FY27 results. The stock move highlights how market reaction can diverge from an earnings update, especially when analysts choose to hold their existing view rather than revise it after a quarterly print.
The company reported double-digit profit growth, record quarterly capital expenditure, and strong performance across its renewable energy, transmission and distribution businesses.
Morgan Stanley’s stance comes despite the broader strength in Tata Power’s operational update, which highlighted growth across key segments. For investors tracking the power sector, the update is also a reminder that utilities and diversified energy companies are being assessed not only on current earnings but also on execution across capex-heavy businesses such as renewables, grid assets and distribution.
Tata Power slips despite strong earnings as Morgan Stanley retains Equal Weight rating and target.
Morgan Stanley maintains ‘Equal Weight’ rating
Management outlook
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