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Big Update On This Tata Group Share; Stock At New High; Gave 100% Return; Buy Or Sell?

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Tata Group Power Company (NSE: TATAPOWER): A big update has come regarding Tata Group company Tata Power. 

The company was approved by the Maharashtra Electricity Regulatory Commission (MERC) to raise the price. The news had a significant impact on the price of shares in the company.

Shares of Tata Power closed at a new high with a strong rise of 7.64 percent. The share has given 100 percent return in the last one year.

Approval To Increase Tariff From MERC

According to the information, Tata Power has received approval from MERC to increase the tariff. It has received permission to raise rates by 24% in FY25.

The new rates from the company will be applicable from April 1, 2024.

Tata Power At New High

The positive effect of the approval to increase the tariff of Tata Power was seen on the movement of stocks. 

At the end of trading, the price was at 428.45 rupees, an increase in the range of 8.48 percent.

The stock reached a high of 433.20 during intraday. Which is also a new high of 52 weeks. The 52-week low for shares is at 433.30. The market capitalization of the business had on BSE was 1.36 lakh crore.

If we look at the performance of Tata Power shares, the stock has given more than 100 percent returns in the last one year. 

Whereas in 6 months this stock has given 60 percent return to investors and in 3 months more than 30 percent return.

About Tata Power

Tata Power is the largest power generation company in India was established in 1919. The company’s power-generation facilities include hydro, thermal, solar, and wind power plants.

The company also provides services such as operation and maintenance, quality and technical audits, logistics of coal and freight, consulting, and field testing.

It provides power to large consumers, including railways and ports, refineries, cotton mills, fertilizer plants, municipal corporations, water pumps, textile mills, and other major industries.

The company is present in India, Georgia, and Singapore. It also has operations in Zambia, Bhutan, Indonesia South Africa, Mauritius, Bhutan, and Zambia.

It also explores renewable energy sources in India and around the world. Tata Power’s diverse production capability allows it to produce low-cost energy.

The Tala Transmission Project is a joint venture between Power Grid Corporation of India and Tata Power.

It is involved in Fuel and Logistics to Generation and Transmission Distribution, trading – exploring various renewable sources of energy both in India and around the world. 

It aims to transmit uninterrupted power generated by different plants across the nation and distributes electricity. 

The power generation facilities it has consist of solar power stations as well as hydro, thermal power plants, as well as wind generators. 

It has a capacity of 10763 MW. Of this, 36 percent of it is derived from clean energy sources. Tata Power is headquartered in Mumbai, Maharashtra, India. 

Fundamental Analysis of Tata Power

Market Cap₹ 1,35,933 Cr.
Current Price₹ 428.45
52-wk High₹ 433.30
52-wk Low₹ 182
Stock P/E39.7
Book Value₹ 94.3
Dividend0.47 %
ROCE11.7 %
ROE12.6 %
Face Value₹ 1.00
P/B Value4.51
OPM16.9 %
EPS₹ 11.2
Debt₹ 52,526 Cr.
Debt to Equity1.74

Tata Power Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 365₹ 490
2025₹ 495₹ 555
2026₹ 615₹ 740
2027₹ 812₹ 900
2028₹ 985₹ 1100
2029₹ 1190₹ 1300
2030₹ 1350₹ 1500
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Tata Power Company Ltd Shareholding Pattern

Promoters Holding
Dec 202246.86%
Mar 202346.86%
June 202346.86%
Sept 202346.86%
Dec 202346.86%
FII Holding
Dec 20229.63%
Mar 20239.45%
June 20239.75%
Sept 202310.00%
Dec 20239.85%
DII Holding
Dec 202214.32%
Mar 202314.16%
June 202314.59%
Sept 202315.68%
Dec 202316.11%
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Govt. Holding
Dec 20220.32%
Mar 20230.32%
June 20230.32%
Sept 20230.32%
Dec 20230.32%
Public Holding
Dec 202228.87%
Mar 202329.21%
June 202328.48%
Sept 202327.15%
Dec 202326.87%

Tata Power Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 29,881 Cr
2020₹ 29,136 Cr
2021₹ 32,703 Cr
2022₹ 42,816 Cr
2023₹ 58,056 Cr
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Last 5 Years’ Net Profit:

2019₹ 2,606 Cr
2020₹ 1,316 Cr
2021₹ 1,439 Cr
2022₹ 2,156 Cr
2023₹ 4,173 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20192.68
20202.47
20211.85
20222.12
20231.7

Last 10 Years’ Profit Growth:

10 Years:39%
5 Years:45%
3 Years:133%
Current Year:-3%

Last 10 years’ Return on Equity (ROE):

10 Years:5%
5 Years:7%
3 Years:9%
Last Year:13%

Sales Growth Over 10 Years:

10 Years:5%
5 Years:15%
3 Years:24%
Current Year:6%

Conclusion

This article is a complete guide about Tata Power Company Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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