New Delhi, Sept. 15 -- The potential listing of Tata Sons could emerge as a significant value-unlocking trigger for Tata Power, with the latter holding a stake in the Tata group's holding company and promoter of Tata companies. As Tata Sons moves closer to a possible listing on the bourses, Axis Capital has assessed what the development could mean for Tata Power's valuation and stock price.

The brokerage has highlighted upside potential for Tata Power and maintained an "Add" rating on the stock with a target price of Rs.415, implying a 14% upside potential from Friday's closing price.

"Tata Sons gets one step closer to listing on the bourses, as it was reported that the Reserve Bank of India has rejected Tata Sons' application to surren...