Is Tata Power share a good buy?
Stock to buy today: Tata Power shares are one of the multibagger stocks in 2022. In year-to-date (YTD) time, Tata Power share price has surged from around ₹110 to ₹230 levels, logging around 110 per cent rise this year.
What is the right time to buy Tata Power share?
The current market price of Tata Power Company is Rs 248.6. Time period given by analyst is 6 months when Tata Power Company Ltd. price can reach defined target. Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 79723.72 Crore) operating in Power sector.
Will Tata Power share go up?
We expect robust 36 per cent PAT CAGR over FY21-24 with likely improvement in RoE to 11.7 per cent. We retain a Buy rating with revised PT of Rs 315,” it said.
Why Tata Power stock is falling?
Analysts cited underperformance in coal-related business as a key factor behind the fall in stock. Tata Power stock touched an intraday low of Rs 223.05, falling 9.03 per cent on Monday. The large-cap stock opened with a loss of 4.02% at Rs 235.35 against the previous close of Rs 245.20 on BSE.
Is Tata Power a multibagger?
Tata Power is India’s largest power producing company, with a market capitalization of Rs 92,600.94 crore. The company’s shares rose from Rs 104.45 on April 7, 2021 to Rs 288.85 on April 6, 2022, 3:30 p.m. IST, representing a multibagger return of 176.54 percent in a year.
Is Tata Power a good buy in 2022?
The brokerage has initiated coverage on Tata Power shares with a Buy rating and SOTP-based target price of ₹300 apiece, implying a potential upside of over 20% from current level. The multibagger stock has rallied more than 150% in a year’s period, whereas the scrip is up about 10% in 2022 (YTD) so far.
What is the target of Tata Power?
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 90939.36 Crore) operating in Power sector. Anand Rathi has buy call on Tata Power Company with a target price of Rs 316. The current market price of Tata Power Company is Rs 288.2.
What is the target of Tata Power share?
Which stocks can be multibagger in 2022?
Khaitan Chemicals & Fertilizers, Gujarat Ambuja Exports, Bharat Dynamics, Meghmani Finechem, BLS International Services, DB Realty are the counter to rise between 90-100 per cent between January-April 2022 period. Interestingly, another 15 stocks have gained between 70-90 per cent during the period under review.
Is Tata Power fundamentally strong?
Overall the company is well established in the renewable energy business and has a sustainable market share. This also gives a wide economic moat to the company. Therefore this category gets 4 stars in Tata Power fundamental analysis.