Tata Power Shares are one of the popular choices by investors. Today 18th February the stock opened at Rs 337.20 which is the same as the previous day’s close price. The stock performance has been under scrutiny as the market is fluctuating. Here’s what analysts have found.
Tata Power Share Price in Today’s Market
Today Tata Power Shares opened at Rs 342. Touched a high of Rs 343.25 and the lowest was Rs 325.15. The current market cap of the company stands at Rs 1,05,989 Crore. What are the company financials and target prices? Let’s find out in today’s article.
Company Financials
Although the company’s current market capitalization stands at Rs 1,06,597 Crore the P/E ratio is 27.5. There is a debt of Rs 58,314 Crore on the company which will affect the company’s financial health in the coming future. In the past year, the value of shares has declined by 12.38% which highlights challenges in the market.
Recent News Tata Power Share
- The company has revealed its Q3 financial reports which show 8% growth in consolidated net profit of Rs 1031 Crore which was Rs 953 Crore in the same period last year. Revenue from operations was Rs 15,391 Crore.
- A subsidiary company of Tata Power TP Solar has secured a contract with Maharastra Power Generation Company Ltd for the supply of 300 MWp of solar modules worth Rs 455 Crore.
- On 18th Feb there is a conference in Mumbai with Kotak Investors. It is expected to enhance investor relations and provide more clear insights into the company’s future strategies and performance.
Recommendation on Buy or Sell
Antique Stock Broking has put a ‘Buy’ tag on Tata Power Shares with a target price of Rs 477 which is lower than the previous target of Rs 513. Motilal Oswal also recommends buying with target price of Rs 490. Nuvama also puts a ‘Buy’ rating with a target price of Rs 490.
