Tata Power Company, a part of the Tata Group, has witnessed a significant surge in its share price. The company’s share has touched its 52-week high, trading at INR 278.50 with a 3.93% increase in the last trading session. Over the past six months, Tata Power has provided its investors with a return of 28%, while in the last year, the share has given a return of 22.45%. As of 1 December 2023, the share closed at INR 274.80, showing a 2.58% increase, and on 4 December, it was trading at INR 280, marking a 1.43% rise. The total market capitalization of Tata Power has reached INR 88,000 crore. Experts from IDBI Capital Firm believe that the share of Tata Power can touch INR 300 in the coming days, attributing the potential growth to strong fundamentals. The company is expected to double its revenue and EBITDA by the financial year 2027. If a company can double its revenue and EBITDA in four years, it can achieve a compound annual growth rate of 20%. According to experts from Tips2Trades, Tata Power’s share can touch INR 306 in the near future.
Tata Power Share Price Information:
1. Tata Power share price has seen a strong surge in the Tata Group.
2. The company’s share has touched its 52-week high.
3. In the previous trading session, Tata Power’s share was trading at Rs 278.50 with a 3.93% increase.
4. In the last six months, Tata Power has given a return of 28% to its investors.
5. Over the past year, Tata Power’s share has given a return of 22.45% to its investors.
6. In 2023, Tata Power’s share gave a return of 30.04% to its investors.
7. On Friday, 1 December 2023, Tata Power’s share closed at Rs 274.80 with a 2.58% increase.
8. On Monday, 4 December 2023, the share was trading at Rs 280, showing a 1.43% increase.
9. Tata Power’s total market capitalization has reached Rs 88,000 crore.
10. Analysts expect Tata Power’s share to touch Rs 300 in the coming days.
11. According to IDBI Capital experts, Tata Power’s share is included in strong fundamental stocks.
12. Tata Power is expected to double its revenue and EBITDA by the financial year 2027.
13. If a company can double its revenue and EBITDA in 4 years, its compound annual growth rate can be 20%.
14. According to experts at Tips2Trades, Tata Power’s share can touch Rs 306 in the upcoming days.
(Source: Hindi News Article)
People Can Find This Information Useful for: Tata Power, share price, company, return, investors, market capitalization, experts, revenue, EBITDA, compound annual growth rate, Tips2Trades, future, analysts.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
