Tata Power Share price is in the news as the shares have spiked upwards since the market opening. Should you buy, hold or sell? Let’s check company financials, recent news and recommendations.
Tata Power Share Price in Today’s Market
As of today, the Tata Power Share price is at Rs 404.70. That is 0.41% up since the market opening, and touched a high of Rs 405.50. The current UC limit is at Rs 443.35, and the LC limit is at Rs 362.75. The total market capitalization of the company stands around Rs 129,139 crores.
Company Financials
The company has already reported its Q4 Financial reports. It shows a 7.88% jump in total income of Rs 17095.88 Crores. Operating profits grew by 36.81% to Rs 2379.18 cr and operating margin improved by 26.81%. Also, Profit after tax had a jump of 16.49% to Rs 1042.83 Crores.
Recent News about Tata Power
- The company has signed a PPA with NTPC limited ro 200 MW firm and dispatchable renewable energy project for total 10.9 GW capacity.
- Tata Power has added 1 GW of renewable energy capacity in FY25. That is 6.87 GW of clean energy portfolio. Out of which 4.5 GW is solar, 1.03 GW is wind and 880MW is hydropower.
- Tata Power plans to invest INR 20,000 crore in FY 2024-25, focusing heavily on expanding its renewable energy portfolio, transmission, and distribution businesses.
Tata Power Share Price Target
Tata Power Share has multiple target price suggested by institutions and analysts. According to ICICI Securities, the stock can reach Rs 470 by the end of 2025. Motilal Oswal recommends a target price of Rs 476. S&P Global Market Intelligence suggests average of Rs 420. However, Consensus suggested a target price of Rs 420.43 in the short term.
Recommendation on Buy or Sell
According to the moneycontrol website, 43% of the analysts suggest buying Tata Power Shares. The rest 13% suggests holding and 13% suggests selling shares. On the other hand, Consensus analysts suggest buying these shares on trendlyne platform.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
