Tata Power Share Price Target 2023, 2024, 2025 (Is Tata Power a good buy for the long term, Tata Power share price prediction)
Regarding Tata, we are confident we will be safe by investing money in it. So there is such a big company Tata, India’s largest integrated power company. Which we all know as “Tata Power“. Tata Power is a subsidiary of the Tata Group.
Tata Power Company primarily focuses on power generation, transmission, and distribution. They also mainly work on renewable energy, solar roof panels, and EV charging. They aim to generate electricity from renewable sources.
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Is Tata Power a good buy for the long term?
Tata Power Company was started in 1910 and was earlier known as Tata Hydroelectric Power Supply Company. Now let us know in which segments the company works.
Each segment of the company is explained in detail below.
1. Power Generation
The company generates power with the help of thermal sources (gas, coal, oil) and hydroelectric sources. About 64% of the company’s revenue comes from power generation.
2. Transmission & distribution
Tata Power has a total power generation capacity of 14,294 MW in India, Which covers some states of retail electricity distribution including Delhi, Mumbai, Ajmer, and Odisha.
The company’s retail customer base has increased from 3 million to 12 million after acquiring a stake in Odisha’s distribution business. About 35% of the company’s revenue comes from transmission and distribution.
3. Renewable Resource
The company also works in the renewable segment in which it helps in power generation with the help of renewable energy sources like (wind, solar, water) and other services.
As discussed, Tata Power has also worked on renewable energy, solar work, and EV charging. The company gets <1% of revenue from this segment.
Tata Power Overview
Fundamentals | Details |
---|---|
Company Name | Tata Power Limited |
Market Cap | ₹1,42,336 Cr |
P/E Ratio | 37.5 |
P/B Ratio | 4.53 |
ROE | 11.30% |
Debt to Equity | 1.73 |
52W low | 246 |
52W high | 495 |
Website | www.tatapower.com |
Wikipedia | Tata_Power |
Read also: Tata Steel Share Price Target
We cannot decide whether Tata Power is a good stock for the long term because the Margin in the power sector is not fixed, which plays an important role in the “Net Profit” of the company.
Tata Power Share Price Target 2024
Now let us talk about Tata Power’s share price target in 2024. Tata Power’s stock has the potential to provide good profits in the long term rather than the short term.
- Minimum Target: ₹250
- Maximum Target: ₹280
Tata Power shares have seen a lot of ups and downs this year. Due to this, the performance of Tata Power Company has not been anything special in 2023.
Read also: Infosys Stock Analysis Full Detail
Tata Power Share Price Target 2024
Now let us talk about Tata Power share price Target in 2024. Tata Power has three major supports, the first support is ₹218, the second is ₹202 and the third is ₹185.
- Minimum Target: ₹295
- Maximum Target: ₹325
Although Tata Power is a good stock the debt of the company is still very high. which is a negative point for the company.
Tata Power Share Price Target 2025
- Minimum Target: ₹385
- Maximum Target: ₹410
As per the experts, the market for EVs is expected to grow by 49% compounded annually by 2030. And the sales may across 17mn annually in the next 7 years. Therefore, the power sector is seeing much growth in the long run.
According to the India Energy Storage Alliance(IESA), the rapid growth in the EV sector can be due to various reasons like advancement of technology related to EVs, rise in fuel price, and toxic emissions. As the growth in EVs increases, the power Sector demand will also increase.
Tata Power Share Price Prediction
Year | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
2023 | ₹250 | ₹265 | ₹280 |
2024 | ₹295 | ₹310 | ₹325 |
2025 | 385 | ₹397.50 | ₹410 |
2030 | ₹650 | ₹725 | ₹800 |
Frequently Asked Questions (FAQs):
1. What is the target price of Tata Power 2023?
Tata Power Share Target Price in 2023 is ₹256-₹288. The stock has given 23.08% in the last year and 22.78% in the last six months.
2. Is Tata Power a good long-term investment?
As per the experts, the market for EVs is expected to grow by 49% compounded annually by 2030. As the growth in EVs increases, the power Sector demand will also increase.
Disclaimer: We are not SEBI-registered advisors. This content is for educational purposes only and not investment advice. Please consult a SEBI-registered advisor before making any investment decisions.