Tata Power Shares Rise on Brokerage Optimism
Shares of Tata Power saw a jump today, going up by 3.13% to Rs 373.40 each. This positive movement comes after good news from brokerage firms like Motilal Oswal and Nuvama. They are [[bullish]] on Tata Power’s future, especially because of its strong results in the third quarter (Q3 FY25) and potential for growth in [[renewable energy]].
Motilal Oswal’s Take on Tata Power
Motilal Oswal has given Tata Power a ‘buy’ rating and set a price target of Rs 490. This is about 35% higher than the current [[market price]] of around Rs 362. Tata Power’s Q3 FY25 earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 38% year-on-year. Though slightly lower than Motilal Oswal’s estimate, the growth was driven by the main business and renewables. Adjusted profit after tax (PAT) was also better than expected. In the first nine months of fiscal 2025, Tata Power added a lot of renewable energy capacity (865 MW) and is looking at new opportunities in nuclear and power distribution. Despite the good news, Motilal Oswal lowered its FY26-27 EPS estimates because renewable energy projects are taking longer to start than they thought.
Nuvama’s View on Tata Power
Nuvama is also positive on Tata Power, pointing to a strong order book for solar projects. Tata Power now has 6.7 GW of clean energy capacity running and another 10.1 GW being built. It also partnered with Bhutan’s Druk Green Power Corp. for a large clean energy project there.
Tata Power Share Price Analysis
The stock has seen some ups and downs, trading 1.42% higher at Rs 362.05 apiece as of 09:25 a.m. It is lower than it was a year ago. Many market analysts (14 out of 23) suggest buying Tata Power’s stock, and the average price target suggests a potential 22.3% upside.
Tata Power’s Focus on Renewable Energy
Tata Power is working hard in the renewable energy market. The company is building many solar and wind power projects. This push into green energy helps the company in today’s world which is becoming more and more focused on sustainability. Tata Power is also working on other sustainable energy options which helps them to offer a variety of green energy solutions. The company is always exploring new partnerships and looking for new technologies to improve their renewable energy services. Tata Power’s commitment to clean energy makes them a key player in the global shift towards more sustainable energy.
Market Updates and Analysis
The stock market today saw some activity, with the Nifty 50 staying mostly flat. Tata Power’s recent stock price increase is a bright spot. It shows how investors are reacting to the company’s positive news and its growth in the renewable energy business. Market analysts are keeping a close watch on Tata Power and the wider energy sector.
Conclusion
Tata Power is making a name for itself in the renewable energy market. Brokerages are optimistic about Tata Power. They see a bright future for the company, and many suggest buying the stock. Despite some market uncertainties, Tata Power’s strong performance and its commitment to renewable energy make it a company to watch in the coming years.