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Tata Group Powerful Share Gave 100% Return In One Year; What Is The Target Of 2024?

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There is an increase in the shares of Tata Power. The shares of Tata Power rose and hit the price of Rs 414.50 that’s 0.97 percent more than the closing value.

This stock posted a remarkable increase, giving greater than 100% return. Tata Power remains a strong performer on the market, with a 52-week high of Rs 433.30 and an all-time low of 192.05.

Solar Project By TP Saurya Limited

In a recent announcement, TP Saurya Limited, an affiliate of Tata Power Renewable Energy Limited (TPREL) is pleased to announce the successful installation of a 200-MW solar power project located in Bikaner, Rajasthan.

The project, which Tata Power Trading Company Limited is executing estimates that it will generate an estimated 485 million units of electricity each year.

Energy Challenges For Sustainable Development

Despite facing numerous challenges such as extreme weather conditions and geopolitical restrictions, however, the project was completed within the agreed timeframe.

This achievement demonstrates Tata Power Renewable Energy’s unwavering dedication to sustainable energy options. It is a significant step in the field of renewable energy.

Expanding The Renewable Power Capacity

This means that the total capacity of renewables for Tata Power Renewable Energy Limited totals 9,018 MW.

This comprises 4,547 MW of projects in various stages of development. Its total capacity is 4,471 MW. That comprises 3,444 MW solar as well as 1,027 MW wind power projects.

Tata Power Share Price Target 2024

Tata Power as a quality stock with the potential to make a good component of any portfolio. Even though it has lower returns in comparison to other sectors it is still an excellent performer.

A bullish outlook suggests holding the current price, with an objective price of between 420 and Rs 550, and then adding. The recommended time frame for holding is between 15 and 150 days, with a limit set at Rs. 380.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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