Tata Power is one of the top choices for share traders as it has given good returns over a long period of time. Today Tata Power Share price opened at Rs 371.20 and closed at Rs 366.20 which is 1.34% Down. Total Market capitalization of shares is standing at Rs 1,16,774.16 Crore. What are the targets set by experts? let’s look at recent news and analysts’ view.
Tata Power Share Price in Today’s Market
The current price of Tata Power Share is Rs 367.10. The day closed with a slight loss but Moneycontrol suggests an upper limit of Rs 401.85. The current P/E Ratios is 32.83.
Company Financials
As per the Q3 reports Tata Power has made a 10% year on year growth in the third quarter of 2024-25. Total profits in last quarter was Rs 1187 Crorre. Revenue from operations also increased by 5% to Rs 15391 Crore. EBITDA also surged by 39% to Rs 3352 Crore. The renewables Profit after Tax or PAT has also grown by 59%.
Recent News about Tata Power
Recently the company announced its third-quarter financial results. Which shows 10% year-on-year growth in net profit. Revenue in the third quarter is at Rs 15391 Crore. The company has planned to become a 100% green company by 2025.
Tata Power Share Price Target
As per experts Tata Power Share price target has been decreased. Previously it was set at Rs 481 but now it has come down to Rs 456. People who already have a share in their portfolio can wait for the share to reach Rs 456 to make a good exit.
Recommendation on Buy or Sell?
JM Financial is saying to ‘Buy’ Tata Power Share. The company shows strong positions for growth in transmission, distribution, and renewable energy. Though the current price is a little low the Target Prices are set at Rs 456. This was based on the expectation that the company would report a revenue of 9% between 2024 to 2027. Consensus analysts also maintain a ‘HOLD’ rating for Tata Power Shares. They are telling us to put a stop loss at Rs 270 and the Target Price is set to Rs 583.
