Tata Power Shares Tumble 5% In 5 Days, Nears 52-Wk Low As Market Crashes 1,000 Points, Will You Buy?

Shares of Tata Power continued their downward trend for the fifth consecutive session, losing over 4.25% in value. The broader market currently is crashing with both the Sensex and Nifty dropping more than 1% since the last close. Sensex tanked more than 1200 points today while nifty also crashed below 22,200.

Tata Power Share Price Today

As of February 28, Tata Power's share price stands at Rs. 339, marking a 1.1% drop for the day. Over the last five trading sessions, the stock has declined by more than 4%. In the past six months, Tata Power share price has slumped by over 21% due to broader market pressures.

Tata Power Latest News & Major Developments

TP Solar Ltd, a wholly owned subsidiary of Tata Power Renewable Energy Ltd, has secured a major contract from the Solar Energy Corporation of India Limited (SECI) for supplying 292.5 MWp DCR (Domestic Content Requirement) solar modules, the company announced in a latest exchange filing. This project, awarded under the CPSU Scheme Tranche-III, strengthens TP Solar's commitment to India's renewable energy transition.

In other news, Tata Power announced its collaboration with Amazon Web Services (AWS) to drive efficiency, improve grid resilience, and support a clean energy transition. The company's main aim from this collaboration is to empower consumers across multiple states to be active participants in India's shift towards a low-carbon economy.

Recently Tata Power also signed an MOU with the Assam government for an investment of Rs. 30,000 crore over the next five years to develop up to 5,000 MW of renewable energy projects, including solar, wind, hydro, and energy storage.

Tata Power Share Price & Stock Analysis Target Price & Future Outlook

Tata Power's stock has been under focus, with Motilal Oswal maintaining a 'BUY' rating despite a 7% cut in its FY 26-27 EPS estimates due to slower-than-expected renewable energy project execution. The brokerage set a target price of Rs.490, highlighting that Tata Power's Q3 FY25 adjusted PAT exceeded expectations.

Mirae Asset echoed a similar sentiment, maintaining Tata Power as a top pick with a target price of Rs. 485. The brokerage pointed out mixed performance in the power sector. Tata Power's 8% YoY earnings growth stood out, but weak power demand and macroeconomic challenges have weighed on the sector.

Tata Power Q3 Results

Tata Power announced its Q3 results on February 4, reporting a 10.35% year-on-year increase in net profit to Rs. 1,187.54 crore, up from Rs. 1,076 crore in the same period last year. On a quarterly basis, net profit grew 8.6% from Rs. 1,093 crore in the previous quarter.

For the quarter that ended December 2024, the company's revenue from operations stood at Rs. 15,391 crore, rising 5% from Rs. 14,651 crore a year ago. Additionally, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose 7% YoY to Rs. 3,481 crore, compared to Rs. 3,250 crore in the corresponding quarter the previous year.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.