š Tata Power Share Price Skyrockets to 438.95 Rupees
On Tuesday, Tata Power Company’s shares opened at 433.80 rupees and quickly surged to 438.95 rupees.
š Target Price Set at 490 Rupees by Experts
ICICI Securities specialists have announced a target price of 490 rupees for the stock.
š° Impressive Returns for Investors
Over the past six months, Tata Power Company’s shares have provided a 70% return to investors. In the last year, the stock has seen a 110% increase in value.
š Financial Performance Highlights
In the March quarter of the financial year 2023-24, Tata Power Company accumulated revenue of 800 crore rupees. The company has collected revenue of 3,200 crore rupees on an annual basis.
š Capacity Expansion and Future Projections
Tata Power Company currently has an EBITDA of 13,000 crore rupees and an established capacity of 4.5GW. Over the past two years, the company has added 5.5GW to its creative portfolio. Experts estimate that Tata Power’s EBITDA could reach up to 6,000 crore rupees in the next three years.
āļø Government Initiatives Boost Solar Energy Segment
The Indian government has introduced several policies to promote solar rooftop installations and increase solar energy production to 40GW in the coming years. This is expected to benefit major power companies like Tata Power.
š” Expert Recommendations and Technical Analysis
According to Railtel Broking experts, Tata Power’s shares are showing strength in the technical setup. Analysts believe that the stock could reach a price of 444 rupees in a short period. Therefore, experts advise placing stop-loss at 420 rupees when investing.
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.
