Tata Power Share Price 🚀💰
Tata Power, one of India’s leading companies, has seen a significant surge in its share price recently. The Indian stock market is experiencing a tremendous bullish trend, reaching an all-time high. Tata Power’s share has reached a 52-week high level, with a total market capitalization of ₹1,03,896.47 crore.
As of Friday, December 29, 2023, Tata Power’s share was trading at ₹332.80, with a growth rate of 0.91%. In the past year, the company’s share has provided a remarkable return of 56% to its investors. On December 27, 2022, the share was trading at ₹207.70, and it has now reached ₹332.
In the last month alone, Tata Power’s stock has given its investors a return of 20.94%. Experts have set a target price of ₹342 for Tata Power’s share. On December 6, 2023, the share was trading at ₹298.60, and by December 8, it had reached a high of ₹335.80. On April 7, 2022, the share was trading at ₹298, and the next day, it crossed the ₹300 mark.
Tata Power has announced an investment of ₹60,000 crore in expanding its business in the energy sector over the next three years. Half of this investment will be made in the renewable energy sector. The company will no longer invest in any new coal-based power plants. Currently, Tata Power’s total market capitalization is ₹86,513.82 crore.
The company has plans to invest ₹15,000 crore in the financial year 2023-24, ₹20,000 crore in 2024-25, and ₹22,000 crore in 2025-26 to fuel its business growth. By 2026-27, Tata Power aims to invest ₹23,000 crore in the power sector. This means that the company’s total capital expenditure will exceed ₹60,000 crore in the next three fiscal years.
Tata Power will set up two pumped storage plants with a capacity of 2,800 MW, along with an investment of ₹13,000 crore. Additionally, the company is planning to establish three more power plants with a capacity of 9,000 MW. These projects will be located in the Raigad district of Maharashtra, in Potapali, Katladhara, and Nenavali. Tata Power also has no plans to purchase electricity from the Bhivpuri and Shirwata PSPs.
The company has indicated that solar and wind energy capacity will be added to the aforementioned projects. With these ambitious plans and the current market trends, Tata Power’s share price is expected to continue its upward trajectory. Investors and experts are keeping a close eye on this promising stock. 📈💡
Stay tuned for more updates on Tata Power and the Indian stock market! 📰🔥
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.
