Get the latest updates on Tata Power share price today, including its performance on the NSE and BSE, analysts’ recommendations, and news impacting the stock.
Current Price and Performance:
As of December 8, 2023, at 10:18 AM IST, Tata Power is trading at ₹328.75. This represents a significant 10.99% increase from its previous closing price of ₹294.1 on December 7, 2023.
Tata Power Share Price Chart
Market Performance:
- Open: ₹281.55
- High: ₹294.00
- Low: ₹280.20
- Previous Close: ₹281.50
- Volume: 15,23,81,610
Analysts’ Recommendations:
- JM Financials: Upgraded Tata Power to “buy” after the stock hit a 52-week high, with a revised target price of ₹400.
- ICICI Direct: Maintains a “buy” rating with a target price of ₹360, citing the company’s strong renewable energy pipeline and improving financials.
- HDFC Securities: Maintains a “hold” rating with a target price of ₹325, acknowledging the near-term challenges but optimistic about the long-term growth prospects.
News impacting Tata Power:
- Tata Power shares hit a new high: On December 7, 2023, Tata Power shares reached a new 52-week high of ₹332.00, making it the sixth Tata group company to cross a market capitalization of ₹1 lakh crore.
- JM Financials upgrades Tata Power: JM Financials upgraded Tata Power to “buy” after the recent high, citing the company’s strong performance and potential for further growth.
- Tata Power wins new solar projects: The company recently secured two new solar projects with a total capacity of 450 MW, which will boost its renewable energy portfolio.
Disclaimer:
The information provided here is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.