[ad_1]
Tata Power shares have given 125 percent return to investors in one year. Analysts at brokerage firm Anand Rathi expect further growth. The brokerage has advised to invest money in Tata Power shares every fall.
New Delhi. The shares of Tata Power Share, a Tata Group company, continued to rise for the fourth consecutive trading session today i.e. on Tuesday, April 30. Shares of Tata Power reached its all-time high of Rs 455.30 with a rise of about one and a half percent in intraday today. Till the time of writing this news, this multibagger stock was trading at the level of Rs 453.50 with a rise of 123 percent. Market experts say that this time due to the possibility of huge increase in demand for electricity in the summer season, investors are betting heavily on the shares of Tata Power.
Analysts believe that the rise in Tata Power shares is not going to stop anytime soon. This stock has given a breakout at the level of Rs 443 and this stock can touch the level of Rs 460-470 in the near future. Tata Power shares have given approximately 125 percent returns to investors in the last one year. So far in the year 2024, this stock has increased by 37 percent. This stock has increased by 11 percent in the last one month.
Read this also- Brokerage no longer expects to earn from this multibagger stock, reduced the target price after seeing the results of the fourth quarter
That’s why the price is increasing
According to a report by Live Mint, Avinash Gorakshkar, Research Head, Profitmart Securities, says, “Shares of Tata Power are rising because the market expects the company to pay more in the next two to three quarters due to increased demand for electricity during the summer season.” Strong quarterly results are expected.”
Ganesh Dongre, Senior Manager (Technical Research) at brokerage firm Anand Rathi, says that the share of Tata Power is continuously rising and now it has given a fresh breakout at the level of 443. This stock looks strong on the chart pattern. Investors should take every decline as an investment opportunity.
Price can go up to 470
Experts of brokerage firm Anand Rathi believe that Tata Power shares have formed a strong base at the level of Rs 425. Stock appears to be attractive on charge pattern. He has advised investors to buy this stock at the current levels. Brokers believe that Tata Power shares can touch the level of Rs 460-470.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 is not responsible for any profit or loss of yours. will be.)
,
Tag: business news in hindi, tips to earn money, multibagger stock, Share Market, stock tips
first published : April 30, 2024, 1:15 pm IST
[ad_2]
