LIC-backed Tata Stock: 115% RETURN in 1 year! Check Next Share Price Target

lic-backed tata stock: 115 per cent return in 1 year buy tata power share price target stock strategy

Tata Power Share Price Target, Stock Strategy: Shares of Tata Power is one of top performers from Tata Group. The power sector stock has more than doubled investors money in just one year. On Thursday morning, Tata stock traded in the green at 10:45 AM, quoting 2 per cent higher at Rs 396 apiece.

Tata Power Solar is one of the leading solar panel and other solar power products manufacturers in India.

Tata Power Share Price Target

According to Avinash Gorakshakar, head of Research Desk at ProfitMart Securities and ET NOW Swadesh panellist, the set up is positive for Tata Power stocks. The counter may remain volatile, given that the stock has moved mon-way in the past few months.

He advised to HOLD Tata Power stocks for an upside of 10 to 12 per cent in the next 3 to 4 months.

Tata Power Shareholding

Tata Power is a Tata Sons company. Tata Sons holds 54.2 per cent stake in the company. According to data rooted from trendlyne, LIC is one of investors in LIC. The insurance giant hold 7.9 per cent stake (or 252,564,287 shares) in Tata Power.

Tata Power Share Price History

Tata Power is a constituent of S&P BSE 100. According to BSE analytics, its shares have climbed 20 per cent YTD and 53 per cent in 6 months. In one year, Tata Power shares have more than doubled investors money, zooming a whopping 115 per cent.

Tata Power shares have delivered a solid return of 282 per cent in 3 years and 454 per cent in 5 years, as per analytics.

Tata Power shares have a 52-week range of Rs 433.20 – Rs 183.30. The company commands a market cap of Rs 1,26,503.49 crore, as per BSE website.