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HomeSHARE MARKETDon't Sell This Golden Tata Group Share; More Than 30% In 2024...

Don’t Sell This Golden Tata Group Share; More Than 30% In 2024 And Are Up 120% In A Year

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Tata stock to buy: Today, in this post we’ll discuss about Tata Power latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Shares of Tata Power Company Limited (NSE: TATAPOWER) reached a record high on Wednesday. Tata Power shares hit a 52-week high of Rs 439.40 up from the previous close of Rs 429.90 on BSE. 

Power sector stocks have gained more than 30% in 2024 and are up 120% in a year. 

Tata Power’s market cap on BSE increased to Rs 1.33 lakh crore. Later, the stock closed 3.23% higher at Rs 429.75 on the BSE. 

Tata Power shares fell to a 52-week low of Rs 193.05 in April 2023.

Condition Of Shares

Technically, the Relative Strength Index of Tata Power is 63.6. This indicates that the stock does not trade in oversold or overbought areas. 

Tata Power shares are above the moving averages for 5 days, 20 days, 50 days, 100 days, and 200 days. 

Tata Group’s stock has a beta of 0.8 over a year, which indicates low volatility.

What Is The Brokerage’s Opinion?

An expert said, “The stock is in a moving pattern and has a strong bullish bias. It has witnessed a good rally in the last five months. It has consistently remained above the 50EMA level. Currently, it is The stock has crossed its previous high of Rs 433. The stock is likely to witness further upside in the coming days. The stock has near-term targets of Rs. 448 and Rs. 474.”

Tata Power is in a strong structural uptrend. The stock price will soon cross the Rs 400 level. Tata Power has been going strong for the last few days.

If it closes above Rs 427, it will see a bullish ABC breakout follow through which can take it to the level of Rs 476. 

Brokerage house has set a price target of Rs 439 for Tata Power. Antique Broking set a Rs 450 target for the share of the power sector. 

Tata Power announced last week that, it had received an order for the Jalpura Khurja transmission project from REC Power Development & Consultancy at an estimated cost of Rs 838 crore.

About Tata Power 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₹ 1,38,039 Cr.
Current Price₹ 432.25
52-wk High₹ 439
52-wk Low₹ 193
Stock P/E40.3
Book Value₹ 94.3
Dividend0.47 %
ROCE11.7 %
ROE12.6 %
Face Value₹ 1.00
P/B Value4.58
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 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 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 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: 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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