Tata Power stock in focus after stellar Q1 show; Morgan Stanley sees over 24% downside

Tata Power in Wednesday's trade will be in focus as the company posted 4 per cent increase in PAT for the April-June period at Rs 1,188.6 crore. Zee Business Research Desk estimated the company to report PAT at Rs 1,010 crore. 

At Rs 1,189 crore, growing 31 per cent YoY, the company reported its highest ever and 19th consecutive quarter of PAT growth on the back of strong operational performance and execution excellence across all its businesses of Generation, Transmission & Distribution, and Renewables, added the company's press release. 

Its revenue grew to Rs 17,293.6 crore for the first quarter of the current financial year, up 13.7 per cent on a year-on-year basis, according to a regulatory filing.