Tata Power is a part of the Tata Group and the compnay is involved in the business of renewable energy. In the last 1 year, the Tata Power stock has given more than 100% return. According to the experts, this is just starting as the government is also working on renewable energy to promote it. So, in the upcoming years the Tata Power share price target for 2024, 2025, and 2026 can be very big which are shared below.
The Tata Power stock was a multi-bagger stock and a lot of investors made a massive return from the stock. According to the chart and the experts, the stock is ready for another upside rally in the upcoming years and as of now, the stock is trading near its all-time high and very soon it will break it and create a new fresh all-time high.
In the upcoming years, the power sector will give a lot of returns as the government has already given time for the companies to make electric vehicles and build infrastructure for renewable energy. In a few words, the real massive growth in the power sector is still pending.
Related Posts:
- PNB Share Price Target 2024, 2025, and 2026
- Jio Financial Services Share Price Target 2024, 2025, and 2026
- IRCTC Share Price Target 2024, 2025, and 2026
About Tata Power
Tata Power company was founded in 1919 and the current managing director of the company is Dr. Praveer Sinha.
Tata Power is involved in multiple businesses like Renewables, Conventional Generation, transmission and & distribution, next-generation power solutions, trading, and services and business.
- Renewables: In Renewables the company only works on wind and solar.
- Conventional Generation: Hydro, Thermal, and Waste Heat Recovery
- Next-Gen Power: Solarroof, EV charging solutions, Home Automation, EaaS
- Services Business: Generation services, and products & services
As you can see Tata Power is involved in multiple industries of power, there are very high chance many services and the products of their company will do a lot better in the market and can easily capture the market.
Company Fundamentals
Company Fundamestl plays a very important role in identifying a good company in a particular sector. It is very hard to identify a strong company in a sector from the many companies. Anyone can identify a good and strong company with the fundamentals for better returns.
So, we strongly recommend you check the company fundamentals in which you are going to invest and keep tracing the company fundamentals from time to time to make sure everything is going well in the company fundamentally.
In investing company fundamental helps a lot but only company fundamentals can not give the maximum return on your investment. Technical analysis and the inventing rules are also very important and it is shared below.
In case you don’t know how to read a company’s fundamental data to know which company is best in a particular industry, from the below video, you can learn a lot about reading and understanding the company’s fundamental data.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The fundamental data was last updated on 18 Feb 2024.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹2,732 |
| March 2020 | ₹1,727 |
| March 2021 | ₹1,485 |
| March 2022 | ₹2,623 |
| March 2023 | ₹3,810 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹1,052 |
| Mar 2023 | ₹939 |
| Jun 2023 | ₹1,141 |
| Sep 2023 | ₹1,017 |
| Dec 2023 | ₹1,076 |
Company Fundamentals
| Market Cap | ₹1,20,193Cr | ROE | 11.85% |
| P/E Ratio (TTM) | 33.58 | EPS (TTM) | 11.20 |
| P/B Ratio | 3.99 | Div Yield | 0.53% |
| Industry P/E | 21.78 | Book Value | 94.31 |
| Debt to Equity | 1.74 | Face Value | 1 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 9.75% | 10.00% | 9.85% |
| DIIs | 14.59% | 15.68% | 16.11% |
| Public | 28.48% | 27.15% | 26.87% |
| Promoters | 46.86% | 46.86% | 46.86% |
| Government | 0.32% | 0.32% | 0.32% |
Key Points
- In the last 3 years, the company has given massive profit growth and revenue growth of 80% and 32%.
- On the company, there is a Debt of Rs. 21,865 Crore and its Debt to Equity is near 1.84.
- ROE (return on equity) of the Tata Power company is near 11.59% which is a good ROE.
- EPS (earning per share) of the compnay is at an all-time high.
- In Mar 2023 year the net profit of the compnay was near Rs. 1,439 Crore and in Mar 2023 it was 3,810. In just two years the net profit of the compnay is more than 100% which indicates a strong rally in the stock.
Quarterly Results
In the Dec 2023 quarter, the net profit of Tata Power was Rs. 1,076 which is very high and close to the profit of its last few quarters.
For the last 5 years, the revenue growth of the Tata Power company has been continuously growing while the profit is also growing. These things are very positive for the company’s growth.
Thumb Rules for Investing
If you are an investor and want to book maximum profit on your investments then you have to follow some basic rules that are shared by many experienced investors from all over the world.
Not only in maximizing the return on your investments these rules also help you to book loss or profit at right so, that you can make more profit and decrease losses in the worst market crash.
Note: There are not sufficient rules that will make you high-level investors. In different stocks and sectors, there are multiple factors investors proper to check before investing in stocks. These things come from knowledge and experience.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Tata Power Share Price Target
As per the company fundamentals, the company is very strong and has a good potential to give very high returns in the upcoming years. The government is also providing a lot of help to companies and their customers in subsidiaries. In short, the Indian government is promoting the companies a lot. In the future, the Tata Power share price target will be very high.
Tata Power was consolation for many years but after the consolation and some up and down moves. Since December 2020, the stock has kept going up and has given a massive return of approx 500% return.
Let’s analyze the stock with the help of fundamentals and technical analysis for long-term investing. Not only analysis let’s also check the targets given for Tata Power by the experts.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Tata Power Share Price Target 2024
In the last 1 year, the Tata Power stock has given a return of more than 100% and now after a pullback, it is looking still bullish and ready to break its all-time high. In the upcoming weeks most probably it may give again some profits in the short term.
As the Tata Power stock is now bullish then it can be a good level to take a short-term trade where stoploss is also very small. If the stock goes down, you’ll face a small loss but on the other side, you may get a very high return nearly 10% very quickly.
So, if the Tata Power moves up then we can see a target of Rs. 400 to Rs. 410 in 2024. But there is always a risk because the stock returned from the same level. So, do check patterns as well.
Tata Power Share Price Target 2025
The government is also supporting the sector and the whole world is working on renewable energy to decrease the population as much as possible. Once the dependency on green energy is increased the Power sector will make a massive profit.
In the Budget 2024 – 2025, the Finance Minister also talked about the Power sector and green energy. As a result not only Tata Power but also many power sector stocks of different industries given a massive return after it.
It also depends on multiple things like news, financials, price action, and many more. Keep tracking them to book the profit at the right price.
In 2024 – 2025, if the stock gives a breakout you can see the target of Rs. 500 – 600. The target can be changed with the new price actions.
Tata Power Share Price Target 2026
Tata Power’s stock all-time high is Rs. 412.90 which was made in Feb 2024. As we already mentioned above the stock is trading at a very high premium so, it may consolidate or fall in 2025 or 2026 and come near to its fair valuation.
Financially the Tata Power Company is very stable and there are very high chance it will not correct a lot in the future. As the stock is trading at a very high premium valuation, it is recommended to invest in SIP mode to avoid unwanted losses.
For 2026, there are no targets but the target will be updated once any news or updates are created to the Tata Power company or stock.
FAQs
The share price of Tata Power stock is shared above for the 3 years with its chart and levels. You can take some ideas from the analysis that may improve your knowledge too.
As of August 2023, the stock is consolidating and it can go any side up or down. So following investing rules and price action.
It also depends on at which price you bought the shares if you bought the share at a very low cost then it is good to hold for a massive return.
There are a few major resistances at the stock. If it gives a good breakout then we can see the target of Rs. 500 – 550 in 2025.
Final Words: There are huge opportunities and growth in the sector and it is the starting of the growth in the sector. If everything goes right then investors in the sectors will get a very high return. As there are a lot of companies in the sector then analyze fundamentals and their business model to analyze the company. Above is the Tata Power share price target for 2024, 2025, and 2026 you can take some ideas from there too.