Big Update On This Tata Group Share; Stock At New High; Gave 100% Return; Buy Or Sell?

Tata Group Power Company (NSE: TATAPOWER): A big update has come regarding Tata Group company Tata Power.
The company was approved by the Maharashtra Electricity Regulatory Commission (MERC) to raise the price. The news had a significant impact on the price of shares in the company.
Shares of Tata Power closed at a new high with a strong rise of 7.64 percent. The share has given 100 percent return in the last one year.
Approval To Increase Tariff From MERC
According to the information, Tata Power has received approval from MERC to increase the tariff. It has received permission to raise rates by 24% in FY25.
The new rates from the company will be applicable from April 1, 2024.
Tata Power At New High
The positive effect of the approval to increase the tariff of Tata Power was seen on the movement of stocks.
At the end of trading, the price was at 428.45 rupees, an increase in the range of 8.48 percent.
The stock reached a high of 433.20 during intraday. Which is also a new high of 52 weeks. The 52-week low for shares is at 433.30. The market capitalization of the business had on BSE was 1.36 lakh crore.
If we look at the performance of Tata Power shares, the stock has given more than 100 percent returns in the last one year.
Whereas in 6 months this stock has given 60 percent return to investors and in 3 months more than 30 percent return.
About Tata Power
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
Market Cap | ₹ 1,35,933 Cr. |
Current Price | ₹ 428.45 |
52-wk High | ₹ 433.30 |
52-wk Low | ₹ 182 |
Stock P/E | 39.7 |
Book Value | ₹ 94.3 |
Dividend | 0.47 % |
ROCE | 11.7 % |
ROE | 12.6 % |
Face Value | ₹ 1.00 |
P/B Value | 4.51 |
OPM | 16.9 % |
EPS | ₹ 11.2 |
Debt | ₹ 52,526 Cr. |
Debt to Equity | 1.74 |
Tata Power Share Price Target 2024 To 2030
Year | 1st Target | 2nd Target |
2024 | ₹ 365 | ₹ 490 |
2025 | ₹ 495 | ₹ 555 |
2026 | ₹ 615 | ₹ 740 |
2027 | ₹ 812 | ₹ 900 |
2028 | ₹ 985 | ₹ 1100 |
2029 | ₹ 1190 | ₹ 1300 |
2030 | ₹ 1350 | ₹ 1500 |
Tata Power Company Ltd Shareholding Pattern
Promoters Holding | |
Dec 2022 | 46.86% |
Mar 2023 | 46.86% |
June 2023 | 46.86% |
Sept 2023 | 46.86% |
Dec 2023 | 46.86% |
FII Holding | |
Dec 2022 | 9.63% |
Mar 2023 | 9.45% |
June 2023 | 9.75% |
Sept 2023 | 10.00% |
Dec 2023 | 9.85% |
DII Holding | |
Dec 2022 | 14.32% |
Mar 2023 | 14.16% |
June 2023 | 14.59% |
Sept 2023 | 15.68% |
Dec 2023 | 16.11% |
Govt. Holding | |
Dec 2022 | 0.32% |
Mar 2023 | 0.32% |
June 2023 | 0.32% |
Sept 2023 | 0.32% |
Dec 2023 | 0.32% |
Public Holding | |
Dec 2022 | 28.87% |
Mar 2023 | 29.21% |
June 2023 | 28.48% |
Sept 2023 | 27.15% |
Dec 2023 | 26.87% |
Tata Power Share: Last 5 Years’ Financial Condition
To gain a better understanding of 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 |
Last 5 Years’ Net Profit:
2019 | ₹ 2,606 Cr |
2020 | ₹ 1,316 Cr |
2021 | ₹ 1,439 Cr |
2022 | ₹ 2,156 Cr |
2023 | ₹ 4,173 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
2019 | 2.68 |
2020 | 2.47 |
2021 | 1.85 |
2022 | 2.12 |
2023 | 1.7 |
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.
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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