Introduction
The current situation of Tata Power Company Limited in the power generation and distribution sector of the share market is quite good, because the share has registered an amazing rise, in such a situation all the positive things are happening with the company, but currently two such news have come. whereby this tata power share If a rocket can be made, then initially we are going to get detailed information about the functioning of the company, its current status, information about returns and the two biggest news through today’s news article.
Tata Power Company Ltd
Tata Power is a major power generation company in India, which is also considered a major part of the Tata Group. Currently, if we talk about the main business of the company, the company is EV Charging Solution, Solar Rooftop, Power Supply, Transmission Next Gen Power Solution. The company works in trading and distribution.
Tata Power share company information
The market cap of the company is Rs 86,881.28 crore, then Tata Power Share Company has a debt of Rs 21,865.48 crore, then the promoter holding of the company is 46.86%, then the company has an amount of Rs 295.92 crore available in the form of free cash, sales of the company Growth was recorded at 59.60% and profit growth was 0.53%.
Current status of Tata Power share
If we take information about the returns of the company in the last 5 years, then Tata Power Share company has made 32% returns in the last 6 months, 10% returns in the last 1 year, 68% returns in the last 3 years and in the last 5 years the company has made 29% returns. % and the company has a 3 year profit of 80% and a revenue growth of 31.89%.
Last 5 years return information
If we take information about the returns of the company in the last 5 years, then Tata Power Share company has made 32% returns in the last 6 months, 10% returns in the last 1 year, 68% returns in the last 3 years and in the last 5 years the company has made 29% returns. % and the company has a 3 year profit of 80% and a revenue growth of 31.89%.
2 big good news of Tata Power share
Tata Power Share The current situation of the company is quite good, currently it is trading at ₹ 271 and its 52 week high level is ₹ 276 and 52 week low level is ₹ 182, the company has announced its quarterly results in June 2023. In the last quarter, the company had made a net profit of Rs 446 crore which was Rs 141 crore in the previous quarter.
According to the information received from the company, the company’s subsidiary company Tata Power Renewable Energy Limited has got approval of 425 million dollars from the US International Development Finance Corporation, so this is the first news and the second news is that Tata Power’s upcoming green field 4.3 giga watt. Solar cell and model manufacturing plant will be started in Tirunelveli district of Tamil Nadu.
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