TATA Power Shares: Tata Power’s shares fell on Tuesday. Its stock has declined by approximately 1.2 percent. In the final moments of trading, Tata Power’s shares have fallen by Rs 5.25 or 1.19 percent to Rs 435.35 on the BSE.
Tata Power stocks and increased its target by approximately 10 percent
Brokerage company ICICI Securities has begun a BUY rating for Tata Power stocks and increased its target by approximately 10 percent. The brokerage firm noted that Tata Power is developing into a comprehensive power solutions provider, involved in all aspects from generation to distribution and trading, as well as solar manufacturing and both utility-scale and rooftop EPC. ICICI Securities has maintained a BUY recommendation on Tata Power stock and raised the target price to Rs 541, up from the previous Rs 500.
Latest updates on TATA POWER: TATA POWER is market leader in solar rooftop EPC with 13.1% market share. Company’s revenue of Solar rooftop with grow at 36% CAGR between FY24-30. Its electricity transmission capacity will cross 7,000 ckm, targeting 10,500 ckm by 2030. Company… https://t.co/evZ9Uz0KF9 pic.twitter.com/B9QMV22UzP
— Pritesh Patel (@Pritesh7994) December 6, 2024
Tata Power aims to achieve a total clean energy capacity of 15GW
At present, its share is priced at Rs 435. This implies that from this point, its share could provide over a 24 percent return. Tata Power aims to achieve a total clean energy capacity of 15GW by the end of FY2026-27. Tata Power Renewable Energy (with Tata Power owning an 89 percent share) holds a total capacity of 10GW, comprising 5.4GW that is operational and 4.5GW that is currently under construction. It is also increasing its investments in hydro and pumped storage.
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