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Tata Power Company Limited's shares have experienced a significant decline, dropping approximately 25% from their peak of Rs 494.85 on 27th September 2024.
As of 2 April 2025, the stock was trading at Rs 372.05 on the Bombay Stock Exchange (BSE), reflecting a period of notable volatility.
Market Performance and Volatility
Over the past two years, Tata Power's stock has appreciated by 94%, and over five years, it has delivered multibagger returns of 1,069.73%. The stock's beta stands at 1.5, indicating higher volatility compared to the broader market.
The Relative Strength Index (RSI) is currently at 57.9, suggesting that the stock is neither in the overbought nor oversold territory. In terms of moving averages, the stock is trading below its 5-day, 10-day, 100-day, 150-day, and 200-day averages but above the 20-day, 30-day, and 50-day averages.
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Analyst Recommendations
Several brokerage firms have provided their outlook on Tata Power:
Religare Broking has issued a 'buy' recommendation with a target price of Rs 388, advising positions with a stop loss at Rs 351.
IIFL Capital maintains a bullish stance, setting a target price of Rs 435. The firm highlights Tata Power's vertically integrated business model and anticipates earnings to improve in the first half of the fiscal year 2026, driven by the deployment of domestically manufactured cell modules in high-margin projects.
JM Financial has assigned a 'buy' rating with a target price of Rs 456, noting the growing contribution of renewable energy and expecting domestic policies to evolve in alignment with global trends over the next few years.
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Future Outlook
Analysts are optimistic about Tata Power's prospects, citing its integrated operations and strategic focus on renewable energy. The company's emphasis on clean energy positions it favorably to capitalize on the increasing demand for sustainable power solutions in India. The firm's plans to scale renewable capacity fivefold to 20GW by 2030 and its expansion in electric vehicle charging infrastructure are expected to contribute significantly to its future growth.
Investors are advised to consider these factors, along with the inherent market volatility, when evaluating Tata Power's stock for potential inclusion in their portfolios.
