Tata Power Share Price Target: The downtrend in the market continues. Given Diwali, investors are looking for such stocks that can give maximum returns. In such a situation, in a special show of ET Now Swadesh, market experts advised investing in Tata Power shares from a long or short-term perspective and also told the target price. Looking at the quarterly results of the company, the expert has explained in detail about how much profit investors can make from the stock...

Tata Power Share Price Target

In a special discussion with ET Now Swadesh, market experts advised buying Tata Power stock from the current levels. Experts said that from a 6-8 month perspective, Tata Power has a good risk reward. As per previous trading, demand has often been seen in the stock at the level of 410 to 420, and from there, the stock sees a bounce up to at least 470. Experts believe that a similar pattern will be seen in the stock from the current level as well. Experts suggested a stop loss of 390 on the current share price. Along with this, the expert suggested a target price of 470 to 480 for the stock for a period of 3 months. Along with this, the expert said that Tata Power is also a very good option from the long-term perspective.

Tata Power Q2 Results

Tata Power has reported a net profit of Rs 1,093.08 crore in its Q2 FY25. It was Rs 1,188.63 crore in the previous quarter i.e. the second quarter of June quarter. As per the same month last year, this profit has increased by about 7.4 percent. However, the company's income has declined, which is 0.3 percent annually. Its income was Rs 15,738.03 crore last year, which has come down to Rs 15,697.67 crore this time. The company's consolidated EBITDA has grown by 21.2 percent to Rs 3,744.7 crore. At the same time, its EBITDA margin has grown by 19.6 percent annually to 23.9 percent.

Tata Power Dividend History

Tata Power Company Limited has declared 24 dividends since July 9, 2001. Over the past 12 months, Tata Power Company Limited has declared an equity dividend amounting to Rs 2.00 per share. At the company's current share price, Tata Power Company Limited's dividend yield is 0.46%.