Target Price for Tata Power Shares, News on the Stock Market: Among the Tata group’s best-performing stocks, Tata Power has produced an astounding 98% return in the last 12 months. Experts predict more expansion, with goals as high as Rs 520 per share. This is a thorough evaluation of Tata Power’s past results and potential moving forward.
Tata Power Stock Doubles Analysts Set Target
Share Market News, Price Target for Tata Power Stock: Tata Power’s stock has increased by 98% in the last year, making it a standout performance in the Tata group. The stock has ranged from Rs 320 to Rs 464 in 2024, and analysts predict that it may grow to Rs 520, or 62.6% higher than its current lower range.
Suggestions for Investment, Tata Power Stock Doubles Analysts Set Target
- Stock adviser recommends purchasing Tata Power shares with a one-year target price of Rs 520. Solar roofing, power transmission, distribution, and generating are all major areas of business for Tata Power. By 2025, the corporation also intends to build 100,000 charging stations for electric vehicles.
- Geojit Financial Services: Due to solid performance but expensive valuation, the company maintains a “hold” rating with a target price of Rs 490. Rising demand, capacity development, and prospects in solar, renewable energy, and power generation are what Geojit expects to fuel its continued growth.
- Tata Power is valued by Geojit at a multiple of 12 times its FY26 estimated EV/EBITDA.
Principal Attributes of Tata Power:
- Q4 FY24 Performance: Excellent results in the renewable energy and generating sectors.
- Net Profit: Reached Rs 895.2 crore, up more than 15% on an annual basis.
- Revenue: rose to Rs 15,847 crore, a 27% increase.
- EBITDA: increased to Rs 2,332 crore, a 21% increase.
- FY24 Full Year Performance: Contributions from generation, transmission, distribution, and renewables drove record net profit, revenue, and EBITDA, accounting for 74% of net profit, up from 44% the year before.
- Capex Plans for FY25: Tata Power’s FY25 capital expenditure projections involve a rise in capital expenditure from Rs 12,000 crore to Rs 20,000 crore. The remaining capital expenditures (capex) will be used for distribution, transmission, and coal-based power plants, with half going toward renewable energy sources.
Due to its stable financial results and wise investments in infrastructure and renewable energy, Tata Power is well-positioned for future expansion and is a desirable choice for investors in the power industry seeking large returns. (Tata Power Stock Doubles Analysts Set Target)
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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