Tata Power share till 10:47 am today ,created its maximum price of the year today ₹274.30, while the lowest price was ₹263.70. The 52-week high of the stock is₹274.30, and the 52-week low is ₹182.35 as per NSE
Company Tata Power Share and its operations
Tata Power Company Limited, stands out as a true leader in the dynamic energy landscape of India.Founded by the visionary Dorabji Tata in September 1919, Tata Power has emerged as a powerhouse in the Indian electric utility industry. its headquarters of tata group is situated in Mumbai, Maharashtra, Tata Group but also a representation of innovation and sustainability.
Tata power symbol of Green Energy
In India, Tata Power has always been at the top of developing environmentally friendly energy options. The first EV charging stations were set up in Mumbai, laying the groundwork for a future that is cleaner and more sustainable. Tata Power’s presence is now felt far beyond Mumbai, with charging stations dotted throughout Delhi, Hyderabad, and other cities.
In the realm of environmental sustainability, Tata Power has firmly established itself as the preeminent trailblazer.
Tata power’s Future Growth Prospects
Tata Power is not just a legacy; it’s the future of energy in India. Recently, tata power and HPLC signed an agreement to provide end-to-end EV charging stations at petrol stations along major highways and multiple cities. Tata Power has ambitious plans to increase its footprint to 200 cities with a staggering 10,000 charging stations in the coming years. Tata Power currently boasts a network of over 5000 home chargers and nearly 700 public charging stations in 120 cities across India.
In the realm of sustainable energy, Tata Power’s clean energy division is currently basking in a phenomenal surge. As we delve into the annals of the first quarter of 2022, a striking revelation emerges – the sales figures of solar rooftop systems have experienced a quadrupling compared to the corresponding period in the antecedent year. Simultaneously, the demand for solar pumps has witnessed an octuple increase.
Tata Power Share Financial Fortitude
Tata Power’s recent Finances
Let’s look at the numbers to assess the company’s financial health.In 2022, Tata Power raked in an impressive revenue of Rs 42,576 crores. Tata power growing with a good financial performance, with a net income of Rs 2,156 crores and operational income of Rs 8,191 crores. Tata Power boasts total assets valued at Rs 112,884 crores and equity worth Rs 22,441 crores.
When it comes to debt-to-equity ratios, Tata Power aligns with its peers, standing at 2.24. On a scale of 1 to 10, this ratio earns a commendable 9, indicating financial stability. Furthermore, the company’s cash flow from operating activities has been steadily on the rise, showing a positive trend from -123 crores to 1,848 crores.
Charting a Promising Future Tata Power’s Stock Analysis
Turning our attention to the stock market, Tata Power has been building a triangular pattern in its price since April 2022. Over the past 13 months, the price has repeatedly touched the horizontal line, hinting at a potential breakout and upward movement.
In particular, when taking into account the 200-day moving average, the current price of Tata Power shares intersects with the moving average line, making it a prime entry point for traders.
Shareholding Structure of Tata power
ooking at Tata Power’s shareholding structure. The promoters retain control with 46.86% of the company’s shares. Foreign Institutional Investors (FIIs) own 11.26% of the shares, even though they have modestly reduced their holdings in recent quarters. Domestic Institutional Investors (DIIs) own 16.62% of the shares, with marginal changes in their holdings. The public now owns 24.79% of the shares after increasing their stakes.
A Compelling Investment Opportunity Why Tata Power share is a Promising Investment
Comparing Tata Power to its competitors in the private sector, it’s evident that the company has delivered impressive gains of approximately 291% over the past year. Currently trading at about 154 with a price-to-earnings (PE) ratio of about 35.7, Tata Power appears undervalued, considering its robust growth prospects.
Tata Power: In conclusion A Beacon of Progress
Tata Power is steadfastly poised at the beginning of a promising future, supported by a vast network of EV charging stations that spans 120 Indian cities as well as a robust and expanding sustainable energy sector. The industry’s future looks very positive due to the increasing need for EV charging infrastructure and the expansion of the clean energy sector.