Tata Power for the June quarter saw its net sales up by 6.2% at Rs.7767 crore but then net profits were sharply down by 91% at Rs.151 crore. The lower profits were largely driven by an exceptional loss of Rs.293 crore which took the profits lower very sharply. While the stock is available nearly 35% below its peak price, you should remain cautious because the power policy is still not too clear. Ideally, if you are long in the stock, you can hold on but fresh entry is not advisable.