Tata Power shares experienced a 4% surge after the release of its Q2FY25 results, as several brokerages reaffirmed their 'Buy' ratings. Notable firms such as Motilal Oswal Financial Services, JM Financial, and Nomura maintained their positive outlook on the stock, highlighting the company's potential benefits from power transmission capital expenditure, distribution reforms, and green investments.

Elara Securities increased its target price for Tata Power from Rs 463 to Rs 518, upgrading its rating from 'Accumulate' to 'Buy.' Furthermore, Morgan Stanley expressed optimism by maintaining an 'Overweight' rating and setting a higher target price of Rs 577 for the company. The positive sentiment among analysts reflects confidence in Tata Power's growth prospects in the evolving energy sector.

The surge in Tata Power shares is attributed to the positive outlook provided by various brokerages. Analysts from Motilal Oswal Financial Services, JM Financial, and Nomura emphasized the company's potential benefits from power transmission capital expenditure, distribution reforms, and green investments. Elara Securities and Morgan Stanley also expressed optimism by increasing their target prices and maintaining positive ratings for Tata Power. This positive sentiment reflects confidence in the company's growth prospects in the evolving energy sector.