Tata Power shares hit record high, overbought on charts; what's next?

Shares of Tata Power Co Ltd hit a record high amid a record rally in the broader market today. Tata Power stock hit an all-time high of Rs 298.60, rising 6% in the afternoon session on BSE. The Tata Group stock surpassed the previous record high of Rs 298 hit on April 7, 2022.  Amid the rally, the market cap of Tata Power zoomed to Rs 94,885 crore. In the afternoon session, a total of 39.06 lakh shares of the firm changed hands amounting to a high turnover of Rs 113.39 crore on BSE.  

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