{"id":621690,"date":"2023-12-08T10:19:42","date_gmt":"2023-12-08T04:49:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=621690"},"modified":"2023-12-08T11:07:54","modified_gmt":"2023-12-08T05:37:54","slug":"tata-power-shares-soar-to-52-week-high-as-jm-financial-upgrades-rating-to-buy-check-the-brokerage-call","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-shares-soar-to-52-week-high-as-jm-financial-upgrades-rating-to-buy-check-the-brokerage-call\/","title":{"rendered":"Tata Power shares soar to 52-Week high as JM Financial Upgrades Rating to \u2018Buy\u2019; Check the brokerage call"},"content":{"rendered":"<p>Shares of Tata Power soared 9.55% to hit a fresh 52-week high of Rs 322.25 on Thursday, reaching a record high after brokerage firm JM Financial upgraded their rating for the scrip to \u2018Buy,\u2019 from \u2018Hold\u2019 setting a 24% upside target price of Rs 350. \u201cTata Power\u2019s recalibrated strategy involves tapping high-margin group captive RE (renewables) opportunities, exiting low-value businesses, venturing into brownfield pumped hydro storage, and expanding the transmission business beyond distribution,\u201d said the brokerage report. <\/p>\n<p>The report further pointed out that, the  company has recalibrated its strategy, emphasising higher-margin group captive opportunities and redirecting focus from low-value solar-powered irrigation pumps to more lucrative prospects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Tata Power soared 9.55% to hit a fresh 52-week high of Rs 322.25 on Thursday, reaching a record high after brokerage firm JM Financial upgraded their rating for the scrip to \u2018Buy,\u2019 from \u2018Hold\u2019 setting a 24% upside target price of Rs 350. \u201cTata Power\u2019s recalibrated strategy involves tapping high-margin group captive RE (renewables) opportunities, exiting low-value businesses, venturing into brownfield pumped hydro storage, and expanding the transmission business beyond distribution,\u201d said the brokerage report. The report further pointed out that, the company has recalibrated its strategy, emphasising higher-margin group captive opportunities and redirecting focus from low-value solar-powered [&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":[130,240,138],"tags":[],"class_list":["post-621690","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621690","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=621690"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621690\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}