Tata Power eyes ₹415 breakout as renewables boost Q1 profit
Tata Power posted its 23rd straight profit growth quarter, led by 95% PAT surge in renewables and strong T&D gains. Q1 revenue rose 4% YoY to Rs 17,464 crore, PAT hit ₹1,262 crore. Analysts see ₹415 as key breakout level, cautioning short-term fatigue. Brokerages stay bullish, citing green energy scale-up and stable margins.