Buy Large Cap Tata Stock That Surged 22.01% In 30-Days, TP Rs 350: Prabhudas Lilladher

rabhudas Lilladher has recommended investors to buy large cap Tata Group stock Tata Power Company with target price of Rs 350 per share in its momentum calls report. Current market price of Tata Power Company share on BSE is Rs 343.50 per share with intraday gain of 1.72%. Tata Power shares hit fresh 52-week high in trade today and witnessed spurt in volume by more than 1.22 times. The analyst has recommended investors to keep stop loss at Rs 325 apiece. Check details below:

Tata Power Company Share Performance & Return: The 52-week high price of Tata Power Company share on BSE is Rs 349.65 per share and 52-week low price is Rs 182.45 per share, respectively. Tata Power Company has a market capitalisation of Rs 1,09,616.12 crore at the time of writing the story. Tata Power Company shares surged 3.43% in last 1-week, gained 33% in last 3-months, soared 55% in last 6-months, and offered return of 65% in last 1-year. In last 2-years, Tata Power shares surged 54% and rose 323% in last 3-years. Tata Power Company stock rallied 357% in last 5-years.

Tata Power Company Financials: The company for the quarter ended September 30, 2023 declared a surge of 7% YoY in its consolidated net profit to Rs 876 crore as against Rs 819 crore in the corresponding quarter of last year. The company declared its revenue from operations for the September quarter at Rs 15,738 crore, up 12% as against Rs 14,031 crore in the similar quarter of last year.

Tata Power Company About: Tata Power is India's Largest Integrated Power Company, present across the entire power value chain of conventional & renewable energy, power services and next-generation customer solutions including solar rooftop and EV charging stations, according to its official website.

Disclaimer:

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.