Tata stock under Rs 500: Today we are going to tell you about such stocks of Tata Group, which are currently trading at less than Rs 500, which can show a growth of up to 11% in the next one month. In a special show of ET Now Swadesh, Akshay P Bhagwat, Senior Chairman, Equity Derivatives/Technical Research, JM Financial Services, has given his opinion on Tata Power. This stock of Tata Group is an element of the BSE 100 Index and Nifty Next 50.

Tata Power share price today

On November 29, Tata Power shares closed at Rs 415.45 per share.

Tata Power Share Share Price 2024

During an episode of ET Now Swadesh, Bhagwat said, "Since April 2023, we have consistently seen strong buying demand in Tata Power around the Rs 400 level, where several attempts have been made. In every successful recovery rally, the stock has usually moved at least Rs 80-100 above the Rs 400 level. This has been a historical pattern. Recently, the stock has been recovering from the Rs 390-400 range, and I expect we will see another strong rally in Tata Power in December."

Market experts have recommended 'buying' Tata Power shares as they believe the stock could reach at least Rs 445 or even Rs 462 during the December series. "For risk management, I suggest setting a stop loss at Rs 387."