{"id":441641,"date":"2021-10-12T08:47:03","date_gmt":"2021-10-12T03:17:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=441641"},"modified":"2021-10-12T09:40:01","modified_gmt":"2021-10-12T04:10:01","slug":"tata-power-jumps-8-3-extends-one-month-run-to-over-46","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-jumps-8-3-extends-one-month-run-to-over-46\/","title":{"rendered":"Tata Power jumps 8.3%, extends one-month run to over 46%"},"content":{"rendered":"<p>Shares of Tata Power jumped 8.3 per cent on Monday. The stock has extended its one-month run to over 46 per cent. The latest surge comes on the back of Reliance Industries&#8217; (RIL) acquisition of Sterling &amp; Wilson, which operates in the solar energy space.<\/p>\n<p>\u201cIn yet another positive development, RIL\u2019s acquisition of 40 per cent stake in Sterling &amp; Wilson at 20-25 times FY23e P\/E underpins our thesis on Tata Power Solar\u2019s (TPSL) much superior business prospects and leaves room for valuation upside of about 50 per cent (Rs 10\/share),\u201d said Edelweiss in a note.<\/p>\n<p>Market observers say the stock has also been moving up on the back of a technical factor\u2014potential inclusion in the MSCI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Tata Power jumped 8.3 per cent on Monday. The stock has extended its one-month run to over 46 per cent. The latest surge comes on the back of Reliance Industries&#8217; (RIL) acquisition of Sterling &amp; Wilson, which operates in the solar energy space. \u201cIn yet another positive development, RIL\u2019s acquisition of 40 per cent stake in Sterling &amp; Wilson at 20-25 times FY23e P\/E underpins our thesis on Tata Power Solar\u2019s (TPSL) much superior business prospects and leaves room for valuation upside of about 50 per cent (Rs 10\/share),\u201d said Edelweiss in a note. Market observers say the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-441641","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=441641"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441641\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=441641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=441641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=441641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}