One of the top businesses in the Indian power industry, TATA Power Limited offers services for electricity generation, transmission, and distribution all over the nation. The company has experienced a considerable growth trajectory over time, and its stock price has performed admirably. TATA Power has set an ambitious goal to add 10GW of capacity by the end of the next ten years, which is anticipated to result in strong revenue growth and elevated shareholder value. In order to give investors a complete picture, we will examine the chances for TATA Power’s share price objective for the years 2024 to 2030 in this article. We will do this by examining the company’s financials, market trends, and growth potential.
TATA Power in recent news
Tata Power highlights its plans to invest in renewable energy projects in India. The company aims to deploy around ₹15,000 crore (approximately $2 billion) over the next three years to develop renewable energy projects. This investment is part of Tata Power’s strategy to expand its renewable energy portfolio and contribute to India’s clean energy transition. With a focus on solar and wind power projects, Tata Power aims to significantly increase its renewable energy capacity in the coming years, supporting the country’s efforts to reduce carbon emissions and combat climate change.
TATA Power Q3 FY24 Highlight
- Tata Power’s Q3 FY24 consolidated net profit increased by 2.28% YoY to Rs 1,076.12 crore.
- Revenue rose by 3.69% to Rs 14,651 crore.
- Expenses increased proportionately to Rs 14,254.11 crore.
- EBITDA for the quarter grew by 15% YoY to Rs 3,250 crore.
- CEO Praveer Sinha emphasized strong operational performance and the company’s ability to meet growing power demand with clean energy solutions.
- Tata Power facilitated over Rs 3,500 crore in customer financing for solar projects.
- Ongoing development of a green energy transmission corridor.
- As of December 31, 2023, operational capacity in renewables is 4270 MW, generating 6,031 MUs of green power.
- Despite a 3.79% decline in shares post-results announcement, Tata Power had a strong 96.8% return to investors in the past year as of February 8, outperforming the Nifty50 index.
- In the December quarter alone, Tata Power stock grew by 26.6%.
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TATA Power SHARE PRICE TARGET 2024
| When | Maximum Price | Minimum Price |
|---|---|---|
| April 2024 | ₹430.10 | ₹374.00 |
| May 2024 | ₹423.74 | ₹368.47 |
| June 2024 | ₹439.00 | ₹381.74 |
| July 2024 | ₹434.61 | ₹377.92 |
| August 2024 | ₹451.99 | ₹393.04 |
| September 2024 | ₹470.07 | ₹408.76 |
| October 2024 | ₹460.86 | ₹400.74 |
| November 2024 | ₹479.29 | ₹416.77 |
| December 2024 | ₹484.08 | ₹420.94 |
In April 2024, TATA Power’s stock is projected to reach a maximum price of ₹430.10 and a minimum price of ₹374.00. As the months progress, TATA Power’s stock may experience fluctuations, with May seeing a maximum of ₹423.74 and a minimum of ₹368.47, and June witnessing a rise to a maximum of ₹439.00 and a minimum of ₹381.74. By December 2024, TATA Power’s stock is anticipated to reach a maximum price of ₹484.08 and a minimum price of ₹420.94.
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TATA Power Share Price Target 2025
| When | Maximum Price | Minimum Price |
|---|---|---|
| January 2025 | ₹532.49 | ₹409.61 |
| February 2025 | ₹537.87 | ₹413.75 |
| March 2025 | ₹549.16 | ₹422.43 |
| April 2025 | ₹543.73 | ₹418.25 |
| May 2025 | ₹527.89 | ₹406.07 |
| June 2025 | ₹551.65 | ₹424.34 |
| July 2025 | ₹540.83 | ₹416.02 |
| August 2025 | ₹557.56 | ₹428.89 |
| September 2025 | ₹564.25 | ₹434.04 |
| October 2025 | ₹578.92 | ₹445.32 |
| November 2025 | ₹593.39 | ₹456.45 |
| December 2025 | ₹620.09 | ₹476.99 |
In January 2025, TATA Power’s stock is anticipated to achieve a maximum price of ₹532.49 and a minimum price of ₹409.61. As the year progresses, February may witness a slight increase with a maximum of ₹537.87 and a minimum of ₹413.75, while March is expected to see further growth with a maximum of ₹549.16 and a minimum of ₹422.43. By December 2025, TATA Power’s stock is projected to peak at a maximum price of ₹620.09 and maintain a minimum of ₹476.99.
TATA Power Share Price Prediction 2026 TO 2030
| TATA POWER SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹763.39 | ₹491.30 |
| 2027 | ₹930.68 | ₹598.97 |
| 2028 | ₹1,134.63 | ₹730.23 |
| 2029 | ₹1,383.27 | ₹890.25 |
| 2030 | ₹1,686.40 | ₹1,085.34 |
In 2026, TATA Power’s share price is anticipated to reach a maximum of ₹763.39 and a minimum of ₹491.30. Moving forward to 2027, the maximum price target is projected to increase to ₹930.68, with a minimum expected at ₹598.97. By 2028, TATA Power’s share price is forecasted to rise further, with a maximum of ₹1,134.63 and a minimum of ₹730.23. Looking ahead to 2029, the share price is expected to continue its upward trend, reaching a maximum of ₹1,383.27 and a minimum of ₹890.25. Finally, in 2030, TATA Power’s share price is predicted to surge to a maximum of ₹1,686.40, with a minimum target of ₹1,085.34.
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FAQ’s
What is the maximum share price target of Tata Power in 2026?
In 2026, Tata Power’s maximum share price target is projected to reach ₹763.39.
What is the maximum share price target of Tata Power in 2027?
Tata Power’s maximum share price target is projected to reach ₹930.68.
What is the maximum share price target of Tata Power in 2028?
n 2028, Tata Power’s maximum share price target is forecasted to be ₹1,134.63.
What is the maximum share price target of Tata Power in 2029?
The maximum share price target of Tata Power is anticipated to be ₹1,383.27.
What is the maximum share price target of Tata Power in 2030?
In 2030, the maximum share price target of Tata Power is projected to be ₹1,686.40.
CONCLUSION: TATA Power Company Share Price Target
According to TATA Power’s financial filings over the previous five years, the business has demonstrated a constant growth trend in terms of revenue and profit. TATA Power has managed to sustain a good trend overall, with a notable improvement in PAT and revenue growth in the most recent financial year, despite some short-term volatility in revenue growth and profit after tax (PAT) over the years. The market is unpredictable and there are risks associated with investing in any firm, therefore it is always advisable to undertake careful study and analysis before making any investment decisions. Hence, before evaluating whether or not TATA Power shares are a smart investment, potential investors should thoroughly evaluate their investing objectives, risk tolerance, and other pertinent variables.
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