Tata Power Share made new high as Morgan Stanley upgrade it’s rating.

  1. Morgan Stanley has increased Tata Power‘s price target by 23% to Rs 577 from Rs 337.
  2. Tata Power share price increased 3.98% to a record high of Rs 493.80 on Friday against the previous close Rs 475.90.
  3. Motilal Oshwal gives a buy rating and the new target of 530.
  4. The shares of Tata power are currently trading 1.64% higher at 483.85.
  5. Tata Power has a strong mix of cash-generating regulated businesses which provide assured return.
  6. The contribution of GREEN ENERGY businesses to Tata Power profits is expected to rise sharply due to doubling of Renewable energy capacity, the Solar EPC, External Modules, Cell sales and Rooftop Installations.
  7. Market Cap of Tata Power is 1.53 lakh crore on BSE.

The growth trajectory of Tata Power share price : 1 week – 6.83%

1 Month – 12.67 %

3 Month – 11.51 %

1 Year – 85.09 %

3 Year – 220 %