Buy Tata Power, target price Rs 509: Motilal Oswal Financial Services

Motilal Oswal Financial Services recommends buying Tata Power Company with a target price of Rs 509. Tata Power's current market price is Rs 444.8. The company, incorporated in 1919, operates in the power sector with various revenue segments. Promoters hold 46.86% stake, and the latest quarter net profit is Rs 858 crore.