Tata Power Share is a big bull in India’s energy sector. It focuses on sustainable and renewable practices. Tata Power handles the generation, transmission, and distribution of electricity, all over India.
It has had considerable growth in the stock market over the past 5 years but what about the upcoming years?
In this article, I will answer all questions, related to Tata’s power share.
We will talk about Tata Power’s shares history, the share price of Tata Power, will the Tata Power’s share price increase, why is Tata Power’s share price falling, is it good to buy Tata Power shares.
Let’s begin
Share Price of Tata Power and Its Performance
Tata Power Share’s current price is 428.15 INR as of 27 August 2024. It has seen a growth of about 1.34%.
Tata Power’s 52 weeks High is 471 INR and 52 weeks Low is 230.80 INR.
The share grew more than 2x of its price in just one year and made a comeback, from its bearish pattern in 2019 where it sunk as low as 31 INR.
Some of the important key metrics that investors should take into consideration are:
- Market Capitalization of Tata Power = ₹135,642 Crores
- Volume = 11.90 million
- Dividend Yield = 0.47%
- PE Ratio = 36.71
NOTE: Recheck these values before investing.
Tata Power Share History and Background
As the name suggests Tata Power is a part of Tata Group. It has a long history and deep roots in India’s energy sector. The company focuses on sustainable practices and therefore moved from coal power to renewable energy sources.
This shows the company’s interest in the long-term future of India.
Here is a table showing Tata Power’s shares history: –
Timeframe |
Growth Percentage |
|
Past Week |
+0.43% |
|
Past 1 month |
+1.32% |
|
Past year |
+74.33% |
|
Past 5 years |
+654.45% |
(This is if you purchased the share at the beginning of the time frame and held it till the end of the timeframe. If you did active trading, you could make much more)
Why is Tata Power’s share price falling?
This question has been trending recently. Tata’s share price has given more than double the return on investment over the past year.
Many investors are using this opportunity to book their profits.
This has led to fluctuations and a decline in the share price but these changes are temporary as the company is very profitable and has also shown growth this year.
Tata Power Share Future— Will Tata Power’s share price increase and Is it good to buy Tata Power share
Seeing the growth Tata Power Share has shown in the past year we strongly believe there is more to come. Tata has various upcoming projects, that will also have a positive effect on Tata Power Share Price.
The company has big plans for the future.
Tata Power aims to increase its energy capacity focusing on renewable energy. Tata is also planning to privatize the distribution process which will help Tata to explore growth opportunities. Tata also has strong financial health and has shown a profit growth of 87.24% in the past 3 years.
Note: Please carefully research before investing
To know about other Renewable Energy Shares refer to our IREDA stock article.
This article is written by Krishna Jindal