๐ Tata Power Share Price Soars by 3.9% to Rs 371.25
๐ Record High Broken: Tata Power share price has dropped by 14.30% from its record high of Rs 433.20.
๐ฅ Market Buzz: Experts are witnessing strong momentum in Tata Power shares, reaching a 52-week high on 7th March, 2024.
๐ฐ Current Scenario: As of 21st March, 2024, Tata Power shares were trading at Rs 388.85, up by 2.36%. However, on 22nd March, there was a slight dip of 0.45% with shares at Rs 390.
๐ Expert Recommendations: Analysts suggest buying Tata Power shares at Rs 365 and holding for a short-term target of Rs 410. Stop-loss is advised at Rs 355.
๐ฎ Future Predictions: Many experts believe that Tata Power shares could touch Rs 450-500 in the next 9-12 months.
๐ Moving Averages: Tata Power shares are currently trading below their 5-day, 10-day, 20-day, and 30-day simple moving average levels, but above their 50-day, 100-day, 150-day, and 200-day SMA levels.
๐น Financial Ratios: Tata Power’s P/E ratio stands at 79.62, P/B ratio at 8.64, and EPS at 4.77.
๐ Investor Returns: In the last six months, Tata Power shares have given a 50% return to investors. YTD, shares are up by 15%, and in the past year, investors have enjoyed a 90% return.
๐ Company Overview: Tata Sons held a 46.86% stake in Tata Power as of December 2023. The company’s market capitalization stands at Rs 1,21,374.97 crore.
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.
