Tata Power Share Price Target 2024

argent

by akash bharti 114 Views comments

Tata Power Company Ltd is an integrated energy company that operates in the power sector, including generation, transmission and distribution. The company has been in the energy sector for over 100 years and serves over 12.5 million customers in India. The company is part of the 'Tata Group', which includes 'Tata Power' in India, 'Tata Power South Africa', 'Tata Power Zambia' and 'Tata Power Bhutan', and is based in Mumbai.


In the last five years, Tata Power share price target 2024 has been trending upwards, and the company is expected to continue this trend in the near future. This article will provide an overview of the factors that will influence the future of the share price of Tata Power.

Recently, the company announced the implementation of a 1040 kW Bifacial solar system in West Bengal, which captures sunlight from two sides of the panels and increases the power output by 12% to 25%.

Tata Power Share Price Target (2024)

Month (2024)Maximum TargetMinimumTarget
JanuaryRs 375.22Rs 288.63
FebruaryRs 394.96Rs 303.82
MarchRs 414.71Rs 319.01
AprilRs 370.28Rs 284.83
MayRs 336.62Rs 258.94
JuneRs 370.28Rs 284.83
JulyRs 352.65Rs 271.27
AugustRs 367.34Rs 282.57
SeptemberRs 385.71Rs 296.70
OctoberRs 408.85Rs 314.50
NovemberRs 437.47Rs 336.52
DecemberRs 446.22Rs 343.25

Tata Power Share Price Target 2025

Month (2025)Maximum TargetMinimumTarget
JanuaryRs 406.58Rs 312.75
FebruaryRs 415.76Rs 358.97
MarchRs 427.12Rs 365.95
AprilRs 387.38Rs 328.63
MayRs 397.82Rs 290.75
JuneRs 427.38Rs 328.95
JulyRs 452.77Rs 295.67
AugustRs 478.05Rs 320.58
SeptemberRs 491.95Rs 324.21
OctoberRs 543.47Rs 364.42
NovemberRs 560.65Rs 377.97
DecemberRs 567.86Rs 382.75

Tata Power Share Price Target 2026 to 2030)

Year Maximum targetMinimum Target
2026Rs 612.35Rs 318.65
2027Rs 765.50Rs 485.85
2028Rs 877.90Rs 534.53
2029Rs 902.85Rs 687.18
2030Rs 1013.72Rs 802.56

TATAPOWER Financials 2023

Revenue551.09 Billion INR⬆ 28.71% YOY
Operating expense106.88 Billion INR⬆ 16.50% YOY
Net Income33.36 Billion INR⬆ 91.59% YOY
Net Profit Margin6.05 ⬆ 48.65% YOY
Earnings Per Share8.07⬆ 88.20%
EBITDA78.30 Billion INR⬆ 4.49%
Effective Tax Rate30.19%
Total Assets1.28 Trillion INR⬆ 13.70% YOY
Total Liabilities929.10 Billion INR⬆ 7.76% YOY
Total Equity354.39 Billion INR
Return on assets2.38%
Return on Capital3.43%
P/E Ratio34.19
Dividend Yield0.52%

Points to consider before investing in Tata Power Share Stock

For decades, Tata Power has been providing consistent dividend to its shareholders. In fact, since 2012, the dividend of Tata Power has been between Rs.25 and Rs.2.00 per share.

In the coming decade, Tata Power has already positioned itself for the growth of electric vehicles by providing the EV Charging Infrastructure. In the next decade, the company will aim to become the market leader in the Indian EV Charging Infrastructure by providing such facilities to other electric vehicle companies.

In order to become India’s top renewable energy player, Tata Power is planning to increase its green portfolio by installing more than 85 thousand solar water pumps across the country. The company plans to install more than 2.5 thousand solar water pumps by 2028, which has the potential to increase the company’s revenue by over Rs.2,000 crore.

By 2027, the company will be able to generate Rs.10,000 crore in solar power. The company’s solar capacity is estimated to increase to 2,4+ GW/year.

Conclusion

The Share Price of Tata Power has been on a positive growth trajectory for the past three years. Its stock has witnessed a growth percentage of 434.62% between 1 Feb 2019 to 29th Jan 2024. In the year 2023, Tata Power's Share Price went up by 87.06% and 61.49% since August (2023). Further, the powerful brand name and upcoming renewable energy projects by the company in the country will bolster the TATA POWER NSE stock performance. Experts such as ICICIDirect and Antique Stock Broking have shared a positive outlook for the future of Tata Power Share. However, India Property Dekho will always recommend an investor to conduct a thorough analysis of different market scenarios & vulnerabilities before investing. Stock Market is a highly volatile market and depends upon a lot of variable factors.

FAQs

  • What is the Tata Power Share Price Target in 2024?
  • Tata Power's Share Price in 2024 is between Rs 446.22 and Rs 284.83.
  • What is the Tata Power Share Price Target in 2025?
  • Tata Power's Share Price in 2024 is between Rs 567.86 and Rs 290.75.
  • What is the Tata Power Share Price Target in 2026?
  • Tata Power's Share Price in 2024 is between Rs 612.35 and Rs 318.83.
  • What is theTata Power Share Price Target in 2030?
  • Tata Power's Share Price in 2024 is between Rs 1013.72 and Rs 802.56.
  • Will NSE Tata Power reach Rs 5000 per share by 2030?
  • It is very unlikely that Tata's Share Price will reach Rs 5000 in 2030.
  • Is Tata Power buy or Sell?
  • Tata Power TTM P/E ratio is 23.50, much higher than the sector P/E of 13.53 and its stock has been rated for strong buy and buy by 5 & 2 analysts, respectively.


Comments