Tata Power has experienced a robust growth trend in 2024. The company’s share price has surged by over 40% from the beginning of the year, reaching a high of ₹468 in September. This growth has been driven by strong demand for renewable energy and major government contracts, like the Bikaner-Neemrana transmission project. Tata Power’s focus on expanding its clean energy portfolio, with a target of 20 GW by 2030, has further fueled investor confidence.
Looking ahead, analysts predict the stock could continue its upward trajectory, with potential targets ranging from ₹474 to ₹487 by the end of 2024. Despite short-term volatility, the company’s strategic positioning in the renewable energy sector and its long-term growth outlook remain strong.
