Investment grade stock.
Not going with short term movement, too many positives.
1) Adani price revision at Mundra will mean they too get the revision to not make a loss.
2) Tata Power owns a defence play which in time will get brought out giving them more free cash.
3) So many assets available for peanuts to grow.
4) Tata Power has a huge green energy part which will only grow with india's push for clean energy.
Long term play to be got slowly.
Buy only above the red line (200EMA)
Not going with short term movement, too many positives.
1) Adani price revision at Mundra will mean they too get the revision to not make a loss.
2) Tata Power owns a defence play which in time will get brought out giving them more free cash.
3) So many assets available for peanuts to grow.
4) Tata Power has a huge green energy part which will only grow with india's push for clean energy.
Long term play to be got slowly.
Buy only above the red line (200EMA)