Tata Power share price target 2023, 2024, 2025, and 2030 | technical analysis and fundamental… (2024)

Tata Power share price target 2023, 2024, 2025, and 2030 | technical analysis and fundamental… (3)

Tata Power is the largest company in India that generates power having an installed generation capacity of more than 10,000 Megawatts. The company is based in Mumbai, Maharashtra, India.

The company was founded by Dorabji Tata on September 1919. Tata Power is India’s largest integrated power company ranked third in 2017 responsible business rankings by IIM Udaipur. The company turned out to be the first Indian company to ship more than 1 GW of solar modules.

The latest earnings of Tata Power in 2022 are Rs 42,576 crores. The operating income is Rs 8,191 crores and the net income is Rs 2,156 crores. The total assets of Tata Power are Rs 112,884 crores and the total equity is Rs 22,441 crores.

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Tata Power share price target 2023, 2024, 2025, and 2030 | technical analysis and fundamental… (4)

The current Tata Power share price is Rs 229.20. The price touched its highest value of Rs 295 in April 2022.

Tata Power share price target 2023, 2024, 2025, and 2030 | technical analysis and fundamental… (5)

The price is continuously forming a triangle pattern since April 2022. The price has touched the horizontal line five times in the last 13 months. Currently, the price is expected to break out and move in an upward direction.

Tata Power share price target 2023, 2024, 2025, and 2030 | technical analysis and fundamental… (6)

Considering the 200 moving average, the current Tata Power share price is the right point to enter the trade because the moving average line touches the current price bar.

Tata Power share price target 2023, 2024, 2025, and 2030 | technical analysis and fundamental… (7)

The aggressive buyers can enter the trade at the current price and the conservative buyers can wait for the price to come near the horizontal line.

Tata Power has a market capitalization of more than Rs 70,000 crores. Another supporting factor is the PE ratio above 15. The sales growth of Tata Power is around 15% and the profit growth is more than 850%.

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The company declared a dividend of Rs 1.75 on June 2022, Rs 1.55 on June 2021, Rs 1.55 on July 2020, Rs 1.30 on June 2019, Rs 1.30 on July 2018, Rs 1.30 on August 2017, Rs 1.30 on September 2016, Rs 1.30 on July 2015, Rs 1.25 on July 2014, Rs 1.15 on July 2013, Rs 1.25 on July 2012, Rs 12.50 on August 2011, Rs 10 on August 2010, Rs 11.50 on July 2009, Rs 10.50 on August 2008, Rs 9.50 on July 2007, Rs 8.50 on July 2006, and so on.

This shows that Tata Power has provided regular dividends to the shareholders, since its inception.

Tata Power share price target for 2023 is between Rs 290 and Rs 360, for 2024 is between Rs 400 and Rs 470, for 2025 is between Rs 510 and Rs 550, and for 2030 is between Rs 1200 and Rs 1420.

The future expectation of Tata Power company is growth based because of upcoming technology based on electric vehicles. With the increase in the sales of electric vehicles, the demand for clean energy and charging stations will also increase. Tata Power has been trying to improve its infrastructure considering future growth. The company also plans to enter into a partnership with private and government sector companies.

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Competition is one of the risk factors because many companies have already initiated to enter into the power segment because of the increasing demand.

Another major risk factor for Tata Power is the huge investment for which the company has also taken huge loans.

Yes, Tata Power is a good stock to buy. There are several reasons that support buying Tata Power shares at the current price. First is the increasing demand for electric vehicles. Second is the constant dividend declaration.

The major competitors of Tata Power are

Reliance Power
Adani Power
Power Grid Corporation
NTPC

Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.

1. What is the target for Tata Power?

Tata Power share price target for 2023 is between Rs 290 and Rs 360, for 2024 is between Rs 400 and Rs 470, for 2025 is between Rs 510 and Rs 550, and for 2030 is between Rs 1200 and Rs 1420.