Tata Power Share Price Reaches Record High
📈 The Tata Power Company’s share price closed at ₹436.25 on Tuesday, marking a 4.79% increase, hitting a 52-week high. The share price has surged by over 30% in 2024.
📈 Over the past year, Tata Power Company’s shares have delivered a return of 120% to investors. The company’s total market capitalization stands at ₹1.33 lakh crore.
Recent Performance and Future Projections
📈 On Wednesday, April 10, 2024, the share price increased by 0.55% to close at ₹432.25. By Friday, April 12, the share was trading at ₹441, up by 2.08%.
📉 On April 19, 2023, Tata Power Company’s shares were trading at a 52-week low of ₹193.05. The company’s relative strength index is at 63.6, indicating the stock is not trading in oversold or overbought zones.
Market Analysis and Expert Opinions
📊 Tata Power’s shares are trading above the moving average price levels for 5 days, 20 days, 50 days, 100 days, and 200 days. The stock has a beta of 0.8, signaling lower volatility.
💡 Analysts predict that Tata Power’s share price could touch ₹448-474 in the coming days. Equity experts suggest the stock may reach ₹450 and could potentially rise to ₹476 in the near future.
🎯 JM Financial has set a target price of ₹439 for Tata Power shares, while Antique Broking firm has already touched the ₹450 mark.
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.