Tata Power Share Price Target in 2024

Tata Power is a leading energy company in India, operating in the power generation, transmission and distribution segments. It has over one hundred and fifty years of experience in this industry and serves more than twelve and a half million customers across the country. As part of India’s largest conglomerate ‘Tata Group’, ‘Tata Power’ operates in a number of countries, including India, Singapore and South Africa, as well as in other countries such as Mauritius and Bhutan. This article will discuss the various factors that will influence Tata Power’s share price in the near future.

In the last five years, Tata Power Share Price Target has seen a positive development in its share price, and it is expected to continue this trend in the coming years. The company has recently completed a large-scale solar system in West Bengal, the 1040 kW Bifacial module, which allows for a 12- to 25-fold increase in electricity generation.

Tata Power Share Price Target (2024)

Month (2024) Maximum Target MinimumTarget 
January Rs 375.22 Rs 288.63
February Rs 394.96 Rs 303.82
March Rs 414.71 Rs 319.01
April Rs 370.28 Rs 284.83
May Rs 336.62 Rs 258.94
June Rs 370.28 Rs 284.83
July Rs 352.65 Rs 271.27
August Rs 367.34 Rs 282.57
September Rs 385.71 Rs 296.70
October Rs 408.85 Rs 314.50
November Rs 437.47 Rs 336.52
December Rs 446.22 Rs 343.25

 

Tata Power Share Price Target (2025)

Month (2025) Maximum Target MinimumTarget 
January Rs 406.58 Rs 312.75
February Rs 415.76 Rs 358.97
March Rs 427.12 Rs 365.95
April Rs 387.38 Rs 328.63
May Rs 397.82 Rs 290.75
June Rs 427.38 Rs 328.95
July Rs 452.77 Rs 295.67
August Rs 478.05 Rs 320.58
September Rs 491.95 Rs 324.21
October Rs 543.47 Rs 364.42
November Rs 560.65 Rs 377.97
December Rs 567.86 Rs 382.75

 

Tata Power Share Price Target (2026 to 2030)

Year  Maximum target Minimum Target
2026 Rs 612.35 Rs 318.65
2027 Rs 765.50 Rs 485.85
2028 Rs 877.90 Rs 534.53
2029 Rs 902.85 Rs 687.18
2030 Rs 1013.72 Rs 802.56

 

TATAPOWER Financials 2023

Revenue 551.09 Billion INR ⬆ 28.71% YOY
Operating expense 106.88 Billion INR ⬆ 16.50% YOY
Net Income 33.36 Billion INR ⬆ 91.59% YOY
Net Profit Margin 6.05 ⬆ 48.65% YOY
Earnings Per Share 8.07 ⬆ 88.20%
EBITDA 78.30 Billion INR ⬆ 4.49%
Effective Tax Rate 30.19%
Total Assets 1.28 Trillion INR ⬆ 13.70%  YOY
Total Liabilities 929.10 Billion INR ⬆ 7.76%  YOY
Total Equity 354.39 Billion INR
Return on assets 2.38%
Return on Capital 3.43%
P/E Ratio 34.19
Dividend Yield 0.52%

Points to consider before investing in Tata Power Share Stock

Tata Power has been paying dividends to its shareholders consistently for many years. Since 2012, the dividend has been in the range of Rs.25 to Rs.2.00 per share.

Tata Power  share price target is well-positioned to take advantage of the upcoming surge in electric vehicles through its EV Charging Infrastructure. In the next decade, Tata Power will aim to dominate the Indian demand for EV Charging Infrastructure by providing such infrastructure to other EV car manufacturers.

In order to become India’s leading renewable energy player, Tata Power will look to expand its green energy portfolio by installing 1 lakh EV charging points across the country.

In addition, Tata Power has installed over 85 thousand solar water pumps across the country and plans to add another 2.5 thousand pumps in 2028. This has the potential to increase the company’s solar power generation capacity by 1000 MW and generate revenue of Rs. 2,000 crore by 2027.

By 2027, the company will be able to power up its solar capacity to 2,4+ GW/year and generate Rs. 10,000 crore in revenue.

Conclusion

The  Tata Power share price Prediction has been on a positive growth trajectory for the past three years. Its stock has witnessed a growth percentage of 434.62% between 1 Feb 2019 to 29th Jan 2024. In the year 2023, Tata Power’s Share Price went up by 87.06% and 61.49% since August (2023). Further, the powerful brand name and upcoming renewable energy projects by the company in the country will bolster the TATA POWER NSE stock performance. Experts such as ICICIDirect and Antique Stock Broking have shared a positive outlook for the future of Tata Power Share. However, India Property Dekho will always recommend an investor to conduct a thorough analysis of different market scenarios & vulnerabilities before investing. Stock Market is a highly volatile market and depends upon a lot of variable factors.

 

FAQs

  • What is the Tata Power Share Price Target in 2024?
  • Tata Power’s Share Price in 2024 is between Rs 446.22 and Rs 284.83.
  • What is the Tata Power Share Price Target in 2025?
  • Tata Power’s Share Price in 2024 is between Rs 567.86 and Rs 290.75.
  • What is the Tata Power Share Price Target in 2026?
  • Tata Power’s Share Price in 2024 is between Rs 612.35 and Rs 318.83.
  • What is the Tata Power Share Price Target in 2030?
  • Tata Power’s Share Price in 2024 is between Rs 1013.72 and Rs 802.56.
  • Will NSE Tata Power reach Rs 5000 per share by 2030?
  • It is very unlikely that Tata’s Share Price will reach Rs 5000 in 2030.
  • Is Tata Power buy or Sell?
  • Tata Power TTM P/E ratio is 23.50, much higher than the sector P/E of 13.53 and its stock has been rated for strong buy and buy by 5 & 2 analysts, respectively.
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