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HomeSHARE MARKETGolden Tata Group Share May Touch Rs 455-512 Levels; Expert Said -...

Golden Tata Group Share May Touch Rs 455-512 Levels; Expert Said – Buy It Fast

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Stock To Buy: Shares of Tata Power Company Ltd (NSE: TATAPOWER) fell by 3.12% on Thursday. Shares of the company had fallen to a low intraday of Rs 391.85.

The stock is down 14.30 percent at this price from its previous high of Rs 433.20. Let us tell you that Tata Power shares had reached 52-week high on March 7 this month. 

According to market experts, support on the counter can be seen at the level of Rs 455-512. Immediate resistance can be found at Rs 410 on the daily chart.

What is the brokerage’s opinion?

Investors should consider purchasing Tata Power at Rs 365 for a target price of Rs 410 in the near term, according to a Brokerage expert.

He said, to keep the stop loss at Rs 355. SEBI-registered Mitesh Panchal said, “The stock is likely to rise from Rs 450 to Rs. 450 in the next 9-12 months. There is a potential to see the level of Rs 500. Keep tight stop loss at Rs 350.”

Tata Power traded below the simple moving averages of the five-day, ten-day, twenty-day, and thirty-day periods, but above the fifty-day (SMA), 100-day (SMA), 150-day, and two-hundred-day periods.

The company’s price-to-equity (P/E), or ratio, is 79.62. Meanwhile, the price-to-book (P/B), or value, is 8.64.

The earnings per share (EPS), which is a measure of profit, was 4.77. Return on equity was 10.86. Promoters held 46.86 percent of the Tata Group’s power division as of December 2023.

Let us tell you that Tata Power shares have increased by 50% in the last six months. This stock has risen 15% in YTD this year and 90% in a year. 

The price of the product has risen from Rs. 202 to its current price. This stock has risen 422.95% in five years. Its market cap is Rs 1,21,374.97 crore.

About Tata Power Company Ltd 

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 Company Ltd

Market Cap₹ 1,21,438 Cr.
Current Price₹ 391.75
52-wk High₹ 433
52-wk Low₹ 182
Stock P/E35.5
Book Value₹ 94.3
Dividend0.53 %
ROCE11.7 %
ROE12.6 %
Face Value₹ 1.00
P/B Value4.03
OPM16.9 %
EPS₹ 11.2
Debt₹ 52,526 Cr.
Debt to Equity1.74

Tata Power Company Ltd 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 Company Ltd Share: Last 5 Years’ Financial Condition

To better understand 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₹ 2,156 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. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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