Tata Power Company is India’s largest private sector, integrated utility company. The company has an installed power generating capacity of about 6000 MW. The company through its subsidiaries and joint ventures has a presence in power transmission, distribution and trading. The company’s health is the best way to gauge the health of the Power sector.
Well, Pictures speak for themselves. Here’s the Tata Power stock Weekly Chart
Well as you can see in the chart above – the stock has witnessed waterfall like decline. From Highs of 145 in CY2010, the stock has come down to 72 and still there are no signs of revival and turnaround.
Well, How can a sector or a leading stock in a sector make a bottom when political noises are for free power and no tariff revision. Add messy coal policy and we have a total recipe for disaster as far as Power sector is concerned. Tata Power stock will continue suffer as long as these voices remain loud.
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