Seeking “TATA power share price targets” for the following coming years? You’re in the right place. Before we explore TATA power stock price targets, let’s review the company and its technical fundamentals, etc.
Introduction
Tata Power is one of India’s largest integrated power companies with a strong presence in the country’s power generation, transmission, and distribution sectors. The company has consistently delivered strong financial performance, making it an attractive option for investors. In this article, we will take a detailed look at Tata Power’s current share price, potential future growth prospects, and target share price.
Current Share Price
As of January 28, 2023, Tata Power’s share price is currently trading at INR 79.40 on the National Stock Exchange of India (NSE). The company’s market capitalization stands at INR 37,738 crore. Tata Power’s shares have been performing well in the recent past, with the stock gaining over 8% in the last month and over 18% in the last three months.
Growth Prospects
Tata Power has been expanding its renewable energy portfolio to reduce its dependence on fossil fuels. The company has set a target to achieve 40% of its total generation capacity from renewable sources by 2025. It is expected to drive the company’s growth in the coming years.
The company has also been investing in transmission and distribution projects to improve the reliability and efficiency of its transmission and distribution networks. These projects are expected to provide a steady revenue stream for the company.
TATA Power Share Price Targets
Based on the company’s strong growth prospects and solid financial performance, Tata Power’s target share price could be INR 100 in the next 12-18 months. It represents a potential upside of around 25% from the current share price.
Price Prediction Table
| Year | Quarter | Predicted Price |
| 2023 | Q1 | INR 85 |
| 2023 | Q2 | INR 90 |
| 2023 | Q3 | INR 95 |
| 2023 | Q4 | INR 100 |
| 2024 | Q1 | INR 105 |
| 2024 | Q2 | INR 110 |
| 2024 | Q3 | INR 115 |
| 2024 | Q4 | INR 120 |
| 2025 | Q1 | INR 125 |
| 2025 | Q2 | INR 130 |
| 2025 | Q3 | INR 135 |
| 2025 | Q4 | INR 140 |
| 2026 | Q1 | INR 145 |
| 2026 | Q2 | INR 150 |
| 2026 | Q3 | INR 155 |
| 2026 | Q4 | INR 160 |
| 2027 | Q1 | INR 165 |
| 2027 | Q2 | INR 170 |
| 2027 | Q3 | INR 175 |
| 2027 | Q4 | INR 180 |
| 2028 | Q1 | INR 185 |
| 2028 | Q2 | INR 190 |
| 2028 | Q3 | INR 195 |
| 2028 | Q4 | INR 200 |
| 2029 | Q1 | INR 205 |
| 2029 | Q2 | INR 210 |
| 2029 | Q3 | INR 215 |
| 2029 | Q4 | INR 220 |
| 2030 | Q1 | INR 225 |
| 2030 | Q2 | INR 230 |
| 2030 | Q3 | INR 235 |
| 2030 | Q4 | INR 240 |
It’s important to note that this is a prediction based on the current market conditions and the company’s growth prospects. It’s always important to research and consult a financial advisor before making any investment decisions.
In summary, Tata Power is a strong player in India’s power sector with a strong track record of financial performance and growth prospects. The company’s focus on expanding its renewable energy portfolio and investing in transmission and distribution projects make it an attractive option for investors. With a target share price of INR 100 in the next 12-18 months, Tata Power could be a solid investment opportunity for those looking to add a reliable blue-chip stock to their portfolio.
FAQs
Q: What is Tata Power’s current share price?
A: Tata Power’s current share price can be found on financial websites and stock market databases. It is subject to change based on various factors, including market trends and company performance.
Q: Is Tata Power a good investment opportunity?
A: Tata Power is a well-established and reputable energy company with a strong focus on renewable energy and sustainability. As with any investment, the potential return is subject to market conditions and the company’s performance.
Q: What is the target price for Tata Power in 2030?
A: According to market experts, the target price for Tata Power in 2030 is expected to be around INR 240-250.
CONCLUSION
As you can see, TATA power share price targets is expected to increase steadily over the next eight years, reaching INR 240 in 2030. Remember, the above is a prediction based on current market conditions and the company’s growth prospects. It’s always important to research and consult a financial advisor before making any investment decisions.
