Tata Power Company Ltd (TATAPOWER)

Tata Power Shares Hit Record High Amid Positive Forecasts - 02 May, 2024

Tata Power shares hit a record high amid positive forecasts from Elara Capital and JM Financial Institutional Securities, expecting revenue and net profit expansion with strong margin growth. The stock has gained 39% in 2024 and risen 127% YoY.

Tata Power Company Ltd Stock Breaks Out of Consolidation - 30 Apr, 2024

The stock price of Tata Power Company Ltd has broken out from a 10-session consolidation, surpassing resistance at Rs 444. The increase in volume suggests strength in the upmove, and the ADX line is sloping upwards, indicating that the stock is in the momentum phase. The power sector also looks strong on medium-term charts.

Tata Power Shares Surge on Strong Quarterly Outlook - 29 Apr, 2024

Tata Power shares have been gaining steadily over the past few sessions due to an expected strong quarterly performance and rise in demand during summer season. The stock has gained around 9.5% in the last month and is expected to touch ₹460-470 per share in the near term. Additionally, Tata Power hit a fresh 52-week high on April 29th.

Tata Power Solar Partners with Indian Bank for Financing Solutions - 24 Apr, 2024

Tata Power Solar Systems has partnered with Indian Bank to provide tailored financing solutions for residential customers under the Pradhan Mantri Surya Ghar Muft Bijli Yojana Scheme, offering loans of up to Rs 2 lakh at an interest rate of 7% per annum for installations of 3 KW solar rooftop capacity.

Tata Power Signs Agreement for Hybrid Power Project, Partners with Indian Bank for Solar Rooftop Adoption - 23 Apr, 2024

Tata Power announces partnership with Indian Bank to promote solar rooftop adoption and signs agreement with Juniper Green Energy to develop an 85 MW hybrid power project in Maharashtra.

Tata Power-DDL Appoints New CEO - 22 Apr, 2024

Tata Power Delhi Distribution Limited (Tata Power-DDL) has announced the appointment of Gajanan Sampatrao Kale as its new Chief Executive Officer. He will take over from Ganesh Srinivasan, who had been CEO since 2019. Kale has extensive experience in the distribution domain and previously served as CEO of Tata Power Western Odisha Distribution Limited and Tata Power Ajmer Distribution Ltd.

Tata Power Receives Rating Upgrades from CRISIL - 20 Apr, 2024

CRISIL Ratings has upgraded Tata Power's long-term rating to CRISIL AA+/Stable from CRISIL AA/Positive, reflecting an improving business risk profile with sustained improvement in operating profitability. The company also received a rating upgrade for its bank loan and debt facilities.

Tata Power Set to Declare Q4 Results; Analysts Predict Near-Term Upside Potential - 19 Apr, 2024

Tata Power is set to announce its Q4 FY24 results on May 8, with technical analysts predicting near-term upside potential targets at Rs 454-474. The stock has been on an upward trajectory since May 2020 and broke out of a sloping trend line in May 2023.

Tata Power's Mundra Plant Witnesses Turnaround - 18 Apr, 2024

Tata Power's 4,000 MW coal-fired plant in Mundra is running at almost full capacity and has turned profitable. The company's net income available to common shareholders increased by 92% YoY due to the increase in power generation at the Mundra plant, increased sales in the power distribution business, and increased production capacity in the renewable energy business.

Tata Power Board to Meet for Dividend Recommendation - 17 Apr, 2024

The board of Tata Power is set to meet on May 8 to recommend a dividend, along with the firm's Q4 financial results. Shares of Tata Power have grown by nearly 120% in the last year and given a multi-bagger return of 530% in the last five years.

Tata Power Announces Q4 Results Date; Ministry Allows Imported Coal Use - 16 Apr, 2024

Tata Power has set a date for its Q4 results announcement and dividend discussion. Additionally, the Ministry of Power has allowed imported coal use until October 15, benefiting Tata Power's Mundra plant.

Tata Power Receives Award for EV Charging Network, Directed to Operate at Full Capacity - 15 Apr, 2024

Tata Power's EV charging network reaches 100 million green kilometers, recognized with the Shoonya Infrastructure Champion award. Ministry of Power directs Tata Power and other thermal plants to run at full capacity till October 15.

Tata Power and Adani Power Affected by Government Mandate on Coal-Based Plants - 13 Apr, 2024

The Indian government's extension of a mandate for imported coal-based power plants to operate at full capacity until October 15 benefits companies such as Tata Power and Adani Power. While Adani Power shares are experiencing a downturn from their record high, Tata Power shares continue to trade within the range of their lifetime high.

Tata Power Shares Hit One-Year High Amid Bullish Sentiment - 12 Apr, 2024

Tata Power shares continue their winning streak, hitting a one-year high of Rs 443.50. Technical analysts remain bullish on the counter, with expected upside targets of Rs 490-500 in the near term.

Tata Power Shares Hit All-Time High on Strong Demand for Power - 10 Apr, 2024

Shares of Tata Power reached an all-time high of Rs 439.4 per share on the NSE, with a return of 123% over the past year driven by robust demand for power.

Tata Power Shares Hit Record High on BSE - 09 Apr, 2024

Tata Power shares surge to a record high of Rs 436.25, gaining 4.79%. The company's market cap climbed to Rs 1.33 lakh crore on BSE. Analysts have set targets of Rs 439 and Rs 450 for the power sector stock.

Tata Power-DDL Prepares for Record Peak Load - 08 Apr, 2024

Tata Power Delhi Distribution Limited (Tata Power-DDL) is gearing up for a record power peak load of 2,351 MW this summer. The utility has secured power arrangements of up to 2,500 MW, through a combination of long-term, medium-term, and short-term tie-ups, to ensure uninterrupted supply.

Tata Power Wins Bid for Uttar Pradesh Transmission Project - 06 Apr, 2024

Tata Power Company Limited has been awarded a power transmission project in Uttar Pradesh, India. The project involves the construction of two 400/220 kV GIS substations and associated lines. A special purpose vehicle called Jalpura Khurja Power Transmission Limited will be formed to oversee the project.

Tata Power's High P/E Ratio Raises Concerns - 05 Apr, 2024

Tata Power Company Ltd's high P/E ratio of 37x compared to the Indian market average has raised concerns. Its earnings growth is lower than most companies, and if it doesn't recover significantly, existing shareholders may be nervous about the share price.

Tata Power Stock Trades Positively - 04 Apr, 2024

Shares of Tata Power are trading positively, with gains ranging from 0.30% to 1.18%. The stock has gained 113.05% in the last year, outperforming both NIFTY and Nifty Energy.