Tata Power Out performer

By CROW -
FinQuest Securities has rated Tata Power Company as an outperformer in its January 30, 2009 research report. "During the quarter ended December 31, 2008, Tata Power's Revenues stood at INR 17768.7 million, an increase of 25% as compared to INR 14194.0 million in the corresponding period last year. PAT for the quarter stood at INR 1150.8 million as against INR 1972.8 million in the corresponding period last year. We believe that the ongoing expansions, presence in the transmission and distribution segments and the coal operations to drive the company's revenue going forward. We rate the stock as Outperformer," says FinQuest Securities' research report

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