Tata Power Share Price Today: Updates and Market Insights
Tata Power Stock Surges Amid Positive Trading
27.05.2024: Stay updated with the latest movements in Tata Power’s share price. Today, Tata Power’s stock opened at ₹449.5, slightly higher than the previous closing price of ₹449. Throughout the day, the stock reached a high of ₹452.9 and a low of ₹446.15. Tata Power’s market capitalization stands at ₹142,745.69 crore, with a 52-week high of ₹464.3 and a low of ₹204.25. The BSE recorded a trading volume of 608,904 shares today.
Tata Power Share Price Updates
As of the latest update, Tata Power’s stock price is at ₹447.05, reflecting a minor decline of 0.07%. The broader market shows mixed performance among industry peers. Power Grid Corporation of India, Adani Energy Solutions, and JSW Energy are all experiencing declines, while Adani Power is on the rise. Benchmark indices Nifty and Sensex are up by 0.18% and 0.07% respectively.
Potential for Upward Movement
Recent trends show a rise in futures price and open interest for Tata Power, indicating potential for upward movement. This suggests that traders might consider holding their long positions for now.
Key Support and Resistance Levels
Tata Power’s share price currently trades at ₹449.05, fluctuating between the key support level of ₹444.55 and resistance level of ₹451.4. A break below the support could lead to further bearish movement, while surpassing the resistance might result in a bullish trend.
Yearly Performance and Market Comparison
Today, Tata Power’s share price increased by 0.15%, trading at ₹448.00. Over the past year, Tata Power shares have surged by 112.14%, outperforming the Nifty index, which rose by 24.10% to 22,957.10 in the same period.
Analyst Recommendations and Price Targets
Analysts have given Tata Power a “Hold” rating with varied price targets:
- Median price target: ₹308.0, which is 31.02% lower than the current market price.
- Lowest price target: ₹230.0
- Highest price target: ₹471.6
Trading Volume Insights
Yesterday’s trading volume was significantly lower than the 20-day average, with NSE volume at 8 million and BSE volume at 511,000 shares. Tata Power’s stock traded between ₹452.9 and ₹446.15, closing at ₹449, indicating a strong bullish trend.
Tata Power’s stock continues to show resilience amid market fluctuations. With key support and resistance levels in focus, traders should monitor these benchmarks for potential price movements. Stay tuned for more live updates on Tata Power’s share price and market performance.