Broker s call: Tata Power (Outperformer)
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Updated on
CMP: ₹102.90
Tata Power had guided for monetisation of renewable through InvITs. However, it now believes that tailwinds are in favour for the renewables and ancillary businesses and thereby could fetch higher valuations. As a result, it is looking for other options to monetise its assets. We expect market to ascribe higher valuation to segregated portfolio of clean energy businesses on back of a) asset light b) higher growth expectations and c) ESG compliant portfolio.
Tata Power has decided to pursue options to explore higher valuations (compared to INVIT) for its clean energy assets. The growth and outlook of new businesses have improved over last 12 months. Additionally, we believe the macro environment has become favourable for clean and energy businesses which is expected to yield better valuations.
Original:
May 20, 2021
Dogecoin has turned into Elon Musk’s unofficial virtual pet token, only it doesn’t understand the Tesla (
TSLA) - Get Report CEO and self-proclaimed Technoking s commands.
Dogecoin, the volatile meme cryptocurrency that continues to defy all valuation odds, was recovering from steep losses Thursday after yet another cryptic tweet from Musk, who has been toying with the dog-themed digital token for more than a month.
Dogecoin was definitely on the mend on Thursday, gaining more than 11% alongside Bitcoin, Ethereum, Cardano, Stellar and other tradable digital tokens.
“How much is that Doge in the window?,” Musk tweeted Thursday morning alongside a photo of Tesla’s soon-to-be-produced Cybertruck with the word Cyberviking emblazoned in neon underneath.