Tata Power looks weak as per the Market Sentiments…

As per the market sentiments, it seems that Tata Power is getting weak.

Report says that Tata Power has been going weak for the last 15 days since probably their Mundra Ultra Mega Power Project, which is likely to get commissioned in next 6 months is going to see the cost escalation because of the rise in the imported coal and the whole project has been structured on that basis only and they are not likely to see the improved realization on that front.

Considering the development of Mundra UMPP along with the negative perception of the power sector because if you take the pure power play stocks like Adani Power , JSW Energy , they also have all corrected quite a bit. Reliance Power has been languishing quite weak.

Considering all these, Tata Power must have problem of Mundra Ultra Mega Power Projects where they are likely to see problems in time to come.

 

Stock prices of Tata Power on BSE and NSE  as on August 24, 2011. (Courtesy Moneycontrol)