In this article we have made Tata Power’s forecast for the next week and the month of July 2024. The stock is indicating to give positive returns in the month of July, which has been analyzed on the basis of its various technical indicators and past trends.
Tata Power Shares History
Tata Power was successfully listed in the Indian market on 03 April 1996 at ₹5.50. Today on July 14, 2024, the market price of its share is ₹ 434.05. Meanwhile, its share price has increased by 7791.81% and in the last one year it has grown by 91.80%. However, its stock has been continuously declining for the last 2 months. Its stock has seen negative growth of 4.6% in the month of May, 3.49% in June and 0.31% so far in July.
Tata Power Fundamentals
| Company Name | The Tata Power Company Ltd. |
| Sector | Power Generation/Distribution |
| Established | 18 September 1919 |
| Website | tatapower.com |
| Mkt Cap | ₹140387Cr |
| ROE | 14.12% |
| ROCE | 13.35% |
| 50 Day SMA | 437.82 |
| 200 Day SMA | 360.97 |
| Sentiment | Bullish |
| 52 Week High | ₹464.20 |
| 52 Week Low | ₹216.75 |
| P/E Ratio (TTM) | 37.97 |
| P/B Ratio | 4.34 |
| Face Value | 1 |
| Book Value Per Share | 101.26 |
| EPS (TTM) | 11.57 |
| Mony Flow Index | 61.85 |
| Dividend Yield | 0.46% |
Tata Power Share Price Target Next Week (Graph)
According to Tata Power’s positive and negative trends of the last 3 months and its technical analysis, by next week its share price will touch the target price of Rs 447 with an increase of 2.98%.
Tata Power Share Price Target Next Week
| Date | Target Price | Min. Price | Max. Price |
|---|---|---|---|
| 15/07/24 | 435.20 | 428.50 | 438.00 |
| 16/07/24 | 438.50 | 434.10 | 442.50 |
| 17/07/24 | 437.55 | 435.10 | 440.20 |
| 18/07/24 | 445.20 | 440.10 | 448.60 |
| 19/07/24 | 447.00 | 442.20 | 450.10 |
Tata Power Share Price Target July 2024
According to the technical analysis of daily time frame, the current sentiment of Tata Power stock is Bearish. But a growth of 7.02% can be seen in the shares of this stock till 31 July 2024. The target price of Tata Power for July is ₹ 461.90. The average performance for the month of July for 2021, 22 and 23 is 6.27%.
| Date | Target Price | Min. Price | Max. Price |
|---|---|---|---|
| 1/07/24 | 438.60 | 434.35 | 441.65 |
| 2/07/24 | 435.50 | 428.00 | 437.00 |
| 3/07/24 | 434.00 | 430.80 | 435.45 |
| 4/07/24 | 438.50 | 433.25 | 442.25 |
| 5/07/24 | 438.00 | 434.00 | 440.30 |
| 8/07/24 | 439.10 | 431.90 | 443.45 |
| 9/07/24 | 438.20 | 434.70 | 441.80 |
| 10/07/24 | 440.10 | 426.85 | 442.00 |
| 11/07/24 | 442.45 | 436.10 | 444.50 |
| 12/07/24 | 438.70 | 432.35 | 442.15 |
| 15/07/24 | 435.20 | 428.50 | 438.00 |
| 16/07/24 | 438.50 | 434.10 | 442.50 |
| 17/07/24 | 437.55 | 435.10 | 440.20 |
| 18/07/24 | 445.20 | 440.10 | 448.60 |
| 19/07/24 | 447.00 | 442.20 | 450.10 |
| 22/07/24 | 446.10 | 438.60 | 448.80 |
| 23/07/24 | 451.30 | 446.20 | 454.00 |
| 24/07/24 | 455.50 | 450.50 | 459.30 |
| 25/07/24 | 452.10 | 448.80 | 455.10 |
| 26/07/24 | 455.80 | 450.10 | 458.50 |
| 29/07/24 | 459.90 | 456.55 | 462.30 |
| 30/07/24 | 465.60 | 460.50 | 468.70 |
| 31/07/24 | 461.90 | 458.00 | 464.10 |
Sentiment
Out of 30 technical indicators of TSR, the current sentiment of Tata Power is giving neutral signal with 2 bullish signals and 6 bearish signals.
July Growth in Past Year
| Year | Change |
|---|---|
| July 2024 | 7.02% (Target) |
| July 2023 | 6.69% |
| July 2022 | 9.74% |
| July 2021 | 2.38% |
| July 2020 | 8.58 |
| July 2019 | -12.25 |
| July 2018 | 1.77 |
| July 2017 | 1.80 |
| July 2016 | -1.84 |
| July 2015 | -7.69 |
| July 2014 | –9.32 |
| July 2013 | 2.03 |
| July 2012 | –6.17 |
| July 2011 | -2.07 |
| July 2010 | 0.97 |
Analyst Rating
| Action | Rating |
|---|---|
| Buy | 25% |
| Outperform | 15% |
| Hold | 10% |
| Underperform | 15% |
| Sell | 35% |
Tata Power Resistance
| First Resistance | 444.50 |
| Second Resistance | 448.75 |
| Third Resistance | 455.93 |
Tata Power Support
| First Support | 436.16 |
| Second Support | 431.92 |
| Third Support | 427.75 |
| MFI | 61.85 |
| RSI | 51.41 |
| MACD | -0.09 |
| MACD Single Line | -0.04 |
Long-Term Tata Power Stock Price Predictions
In this article we have made short term price prediction of Tata Power Stock. The company had made a profit of ₹3,267Cr and ₹2,229Cr in FY 2023 and 2024. Tata Power’s target price for 2030 is Rs 970.
Daily Simple Moving Average (SMA)
| Period | Value |
|---|---|
| 5 Day | 438.09 |
| 10 Day | 436.90 |
| 20 Day | 439.21 |
| 50 Day | 437.82 |
| 100 Day | 419.93 |
| 200 Day | 360.97 |
Daily Exponential Moving Average (EMA)
| Period | Value |
|---|---|
| 5 Day | 436.81 |
| 10 Day | 436.23 |
| 20 Day | 437.80 |
| 50 Day | 433.60 |
| 100 Day | 414.50 |
| 200 Day | 373.76 |
Tata Power Shareholding Pattern
| Promoter | 46.86% |
| Other Domestic Institutions | 10.19% |
| Retail and Others | 27.91% |
| Foreign Institutions | 9.45% |
| Mutual funds | 5.59% |
| Total | 100.00 |
Disclaimer – Please note that all the information given here is for general information purpose only and not for investment purposes. Therefore, before investing in any share, take advice from a certified market expert. If you invest, you will be responsible for your profits and losses.