Huge discount! Tata Group’s Share Price Drops 23% – Should You Buy? Check your target price

Tata Energy’s share price target NSE BSE: Tata Power stocks are available at a huge discount on NSE and BSE. Tata Power is a subsidiary of the Tata Group. Its head office is located in Mumbai. Tata Power’s stock price is down more than 20 percent from its 52-week high. 52-week Tata Power share price range is Rs 298.08 – Rs 125.44 in NSE.

The Tata Power share is currently available at a 23 percent discount. The share price of Tata Power NSE settled on Thursday, 25th August, at Rs 229.50 each.

Brokerage firm ICICI Securities downgraded Tata Power shares from BUY to ADD from BUY. She said Tata Power has a growth strategy for its many businesses during fiscal year 2323 and 27. The company is clearly focused on clean and green growth. Highlighting the company’s shift toward clean energy and aiming to further improve its leadership position in several green businesses, ICICI Securities said the long-term potential of the company’s business is good, particularly its renewable energy and distribution business. She added that the company is the best private player in the energy sector.

Tata Energy’s share price target NSE BSE

ICICI Securities said Tata Power’s share price could yield around 13 percent from the current level. The brokerage house has set a target price of Rs 262 for shares of Tata Power. The time period given by ICICI Securities is six months.

Tata Power’s stock price has jumped more than 80 percent in the past year while making a whopping 190 percent return in the past five years. It has generated a return of about 3 percent in the past six months.

Tata Power is one of the largest power generation companies in the country. The company also operates in Singapore, Indonesia, South Africa and Bhutan.

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