Tata Power surges to new highs, becomes the sixth Tata Group company to surpass the Rs 1 lakh crore market cap
时间:2024-06-26 16:09:28 阅读(143)
Tata Power, one of the leading players in the Indian power sector, has been on an impressive upward trajectory since the onset of the new financial year, 2023-24. The company’s shares, which found a bottom at approximately Rs 185 per share in March 2023, have witnessed a remarkable ascent, consistently reaching new highs.
Tata Power’s shares opened strong on the National Stock Exchange (NSE) on Thursday’s day at Rs 295 per share and soared to a new lifetime high of Rs 332.15 per share, marking an astounding near 80% return in the current fiscal year.
Among the select few Tata Group companies with a market cap exceeding Rs 1 lakh crore, Tata Power joins the ranks of stalwarts such as Tata Consultancy Services (TCS), Titan Company, Tata Motors, and Tata Steel. The conglomerate’s strategic diversification across various industries, coupled with robust financial performance, has contributed to the company’s significant valuation.
Market analysts attribute Tata Power’s impressive market cap growth to a combination of factors, including its strategic initiatives, operational efficiency, and a favorable market environment for the power sector. The company’s commitment to sustainable practices and its contribution to the renewable energy space have also garnered investor confidence.
猜你喜欢
- Year Ender 2023- Why ed-tech startups need to press the reboot button
- Rupee falls 15 paise against US dollar on foreign fund outflows
- Rupee likely to depreciate on strong dollar, elevated crude prices; USDINR pair to trade with positive bias
- Rupee falls 28 paise against US dollar
- 5 biggest mergers & acquisitions in India- Reliance, Tata, Vodafone, Walmart – did their big bets pay off-
- Will Nifty hit a new all time high above 21,600 or dip ahead- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Road to history via a stunning geography
- Year 2023- An innovative year for digital marketing
- Yoga for Humanity- PM Modi at forefront of International Day of Yoga celebrations - See photos