Tata Power Share Price 🚀
Tata Power, a part of the Tata Group, has shown an impressive performance in the first three quarters of the fiscal year 2023-24. In March 2023, Tata Power’s shares were trading at ₹185. However, they have now reached ₹340 per share. Over the past year, the company’s shares have delivered over 80% returns to its investors.
The share price of Tata Power has been consistently rising for the past two months and continues to do so. On January 5, 2024, Tata Power shares reached a high of ₹349.65 after 52 weeks. Currently, on January 8, 2024, the share is trading at ₹341.90, with a 0.34% increase. It further rose to ₹340 on January 9, 2024, with a 0.35% growth.
The share price of Tata Power has seen a significant increase of 46% since the end of October 2023. The company currently has a clean energy portfolio with a capacity of 5.5 GW. Tata Power aims to increase its capacity to 20 GW by 2030. The company’s power generation capacity is currently under construction with 3.7 GW.
Based on strong trading volume, increased energy production capacity, and reduced emissions, the management board expects the company’s revenue, EBITDA, and PAT to double by the fiscal year 2027.
The main reason for the surge in Tata Power’s share price is the increasing demand for electricity in the country. Tata Power is also expanding its power generation capacity, which is expected to benefit the company even more in the future. Additionally, Tata Power plans to enter the transmission business and has made decisions regarding solar power generation and sharing.
Tata Power has a strong order book and has established a robust presence in solar and wind energy production.
According to experts, Tata Power’s shares may experience further growth in the coming days. The daily chart pattern shows strength in Tata Power’s shares. Investors are advised to place a stop loss at ₹325 while investing in Tata Power shares. Experts suggest that in the upcoming days, Tata Power’s shares may touch ₹375.
So, keep an eye on Tata Power’s share price as it continues to soar! 📈🔥
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.
