Business Business: It is said that Tata Group companies will never disappoint investors in the long run. For example, take a look at the stock performance of Tata Power. The share price of Tata Group has increased by 708% in the last five years. The share price of this company rose from Rs 59.35 to Rs 469. The Sensex gained 119 per cent in the same period. The share price of Tata Power has increased by 114% in the last two years and investors holding the stock have gained 178% in the last three years. Shares of Tata Power are falling today. The company’s shares opened at Rs 471.15 and fell to Rs 460. Tata Power has a 52-week high of Rs 494.85 and a 52-week low of Rs 230.75 on the BSE. The market capitalization of this company is Rs 148,966.73 million.
The share price of this Tata Group company increased by 42% in 2024. At the same time, investors who have held the stock for a year have got a return of 82.64% so far.
Growth brokerage firm Morgan Stanley is bullish on this stock. The broker has upgraded Tata Power to 2 with an overweight rating. The brokerage has increased the target price on Tata Power from Rs 337 to Rs 577. The company’s in-house broker Motilal Oswal has given the company a ‘buy’ rating. The broker has set the price target at Rs 530.
