Tata Power Share
Tata Power Share : Market experts had predicted Tata Power’s stock to cross the level of Rs 300, which the company’s stock crossed as soon as the stock market opened on Thursday. With this, the market value of the company has also reached close to Rs 1 lakh crore.
Tata Group, one of the oldest business houses of the country, has recently made a strong entry in the IPO market after almost two decades. At the same time, a share of Tata is making a splash in the stock market, about which market experts also seem excited. Yes, we are talking about the share of Tata Power, which has crossed the level of Rs 300 and reached its highest level of 52 weeks. Due to increase in share prices, the market cap of the company has also reached close to Rs 1 lakh crore.
Shares reached the highest level in 52 weeks
Amidst the strong rise in the stock market for the last few days, shares of Tata Power along with shares of other companies are also trading with gains. During trading on Wednesday, it had reached the level of Rs 298 with an increase of about 6 percent, while experts were predicting it to cross Rs 300. Meanwhile, with the opening of the stock market on Thursday, the company’s shares also crossed this target. The price reached another new 52-week high.
Due to the latest surge in the shares of this Tata company, investors are making huge profits, along with this the mcap of Tata Power has also increased to the level of Rs 98,450 crore. At 12 noon, shares of Tata Power Company were trading at Rs 320 with a gain of about 9 per cent. With the beginning of the market, this share opened at Rs 295.90.
Price increased by 37% in last 6 months
Shares of this company of Tata Group are earning continuously not only in the present time but for the last one year. If we look at the figures of returns received from it, in the last one year Tata Power shares have given returns of about 37 percent to the investors, while in the last six months its price has increased by 41 percent.
It was estimated to reach Rs 300
Experts were increasing their target price on this stock. He said that if Tata Power shares continue to rise and remain above Rs 270, then a lot of positive changes can be seen. While advising the investors of Tata Power to book profits, he had expressed hope that the share will soon reach the level of Rs 300, which the share has achieved.
The effect of new deals is visible
The impact of the new deal made by the company is clearly visible on the shares of Tata Power. Recently, it was told by Tata Power that it has acquired the Bikaner-Neemrana Transmission Project. The company had said that the Bikaner-Neemrana transmission project has been acquired to boost renewable energy transmission infrastructure in India. The company will maintain the transmission project for 35 years and its estimated cost is around Rs 1,544 crore.
What does Tata Power Company do?
Tata Power is an integrated power company of the group. It is operating in the business of electrical power generation, transmission and distribution, electronic products and services. This Tata group company has been operating hydropower projects in the state for more than a century.
(Note- Before making any investment in the stock market, please consult your market expert.)
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