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Tata power: had warned couple of times
Tata power is in stage 4(broken 200DMA). I see more downside. Although, I dint make a post for this but several of my comments were warning this. I hope you guys learn from it and become more factual in your analysis. In long term yes Tata power will become a significant player. But, a company is a asset and you pay a reasonable price hoping to get your investment back in terms of cashflows generated by the company. Its literally like buying any other business(local Kirana store and so on, offcourse adjusted for earnings power and quality). A buisness might do very well and you may not still make a lot of money because of this very reason. Tata power was trading at insane multiples for a not so great quality business(unit economics is mediocre)1
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