Getapkmarkets
No Result
View All Result
  • Home
  • Business
  • Health
  • Tech
  • Home and Decor
  • Lifestyle
  • Entertainment
  • Fashion
  • Home
  • Business
  • Health
  • Tech
  • Home and Decor
  • Lifestyle
  • Entertainment
  • Fashion
No Result
View All Result
Getapkmarkets
No Result
View All Result
Home Business

Tata Power shares down: Should you buy/hold?

by Joe Calvin
December 14, 2022
in Business
0
Tata Power shares down
155
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The share price of Tata Power was reported in the late 2000s, as investors who own more than 10 years of market experience would be aware. However, after the 2008 market meltdown, investors lost interest in Tata Power shares. Over a decade, the Tata Power share price fluctuated between Rs. 70 and Rs. 130.

The business has been working on fresh growth ideas since 2020. Tata Power’s stake has more than quadrupled during the past 18 months. Tata Power gave its investors returns of more than 10% in 2022.

Q1FY23 Quarterly Result

·       Tata Power achieved significant growth with a 90% YoY rise in consolidated PAT at Rs 884 crore and a 48% YoY increase in revenue at Rs 14,776 crore in the first quarter of FY23.

·       Commissioned 600 MW large-scale EPC projects and won 1.7 GW projects in the first quarter of FY23, with a solid Solar EPC order book of Rs. 14,626 crores.

·       They agreed in writing with the Tamil Nadu state government to spend Rs 3,000 crore on constructing a 4 GW solar cell and module plant.

·       Kerala, India’s largest floating solar power plant, with a commissioning capacity of 101.6 MWp.

·       Odisha Discoms, keep up their excellent work. The rollout of the installation of smart meters throughout all Discoms.

·       Green mobility is supported by a network of 2,350 public and semi-public EV chargers, with an additional 1,400 chargers under construction. In addition, 18,500 private home chargers and 240 bus charging stations were constructed throughout India. Consequently, we’ll be able to continue to rank among the top EV charging infrastructure suppliers in the country.

See also  Making Certain Security At Work With Electric Testing Solutions

·       Plans to spend a combined Rs. 14,000 crores in FY23 (with Rs. 10,000 crores in renewables)

·       Consolidated PAT before exceptional items grew by 90% from Q1FY22 to Q1FY24, going from Rs. 466 crores to Rs. 884 crores.

·       Tata Power is also in the most excellent position to gain from India’s ambition to reach 500GW of renewable energy generation by 2030.

·       The company announced that a partnership supported by BlackRock and Mubadala would receive a 10.53% interest in Tata Power’s renewable energy unit. 

Conclusion

The Tata Power share price has been downgraded to HOLD by the brokerage companies, with a target price of Rs 250 per share. According to experts, Tata Power 2.0’s three pillars—resilience, sustainability, and customer focus—are evident in its deeds. The short-term low profitability of new firms is made worse by sudden market shifts, such as commodity/forex inflation. Meanwhile, once things return to normal and a critical mass is reached, this might begin to zoom.

Share62Tweet39Share16

Related Posts

Private Student
Business

5 Tips to Help You Manage Your Private Student Loan Debt

May 27, 2023
channel cleaners
Business

5 Hand crafted Channel Cleaners That Are Alright for Your Pipes Framework

May 18, 2023
Vehicle
Business

7 Cutting Edge Vehicles From The Big Screen That We’d Very Much Want To Possess

May 12, 2023
From Marketplaces to E-Commerce: The Changing Face of Shopping and Its Future
Business

From Marketplaces to E-Commerce: The Changing Face of Shopping and Its Future

May 10, 2023
Unfair Workplace
Business

6 Tips for Dealing with An Unfair Workplace

May 5, 2023
Ghost pro 3500: The following are some fascinating information – Vape Online Store
Business

Ghost pro 3500: The following are some fascinating information – Vape Online Store

May 1, 2023
Next Post
Organs

What Organs and Tissues Can Be Donated?

Recommended

wallet service

Why are Wallet Services by Starbucks’ app, Apple Pay, & Samsung Pay More successful than other providers?

June 9, 2021
Top 5 Signs It’s Time to Repair Perth Garage Doors

7 Benefits of Storage Facilities

July 29, 2021
7 Essential Power Tools for Every DIY Enthusiast

7 Essential Power Tools for Every DIY Enthusiast

July 3, 2021
List of 14 Most Popular Programming Languages Every Android and iOS Developers Should Know in 2021

List of 14 Most Popular Programming Languages Every Android and iOS Developers Should Know in 2021

February 3, 2021
Erectile

Trustful Solution of Erectile Dysfunction Problem For Men

December 7, 2021
How To Choose The Best Scooter For $1200

How To Choose The Best Scooter For $1200?

September 22, 2021
Getapkmarkets

© Getapkmarkets 2020 All Rights Reserved - Contact: pantheonukorg@gmail.com

Navigate Site

  • Blog
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Contact Us

No Result
View All Result
  • Home
  • Business
  • Health
  • Tech
  • Home and Decor
  • Lifestyle
  • Entertainment
  • Fashion

© Getapkmarkets 2020 All Rights Reserved - Contact: pantheonukorg@gmail.com