Shares of Tata Power Company hit a record high in early deals. Tata Power shares surged 1.87% to a high of Rs 457.50 against the previous close of Rs 449.10 on BSE. Market cap of Tata Power climbed to Rs 1.45 lakh crore on BSE. A total of 3.17 lakh shares of the firm changed hands amounting to a turnover of Rs 14.38 crore. Tata Power stock declined to a 52-week low of Rs 199.35 on May 5, 2023. The power sector stock has gained 39% in 2024 and risen 127% in a year.
Tata Power shares surged 4.79% to a high of Rs 436.25 against the previous close of Rs 416.30 on BSE. Market cap of Tata Power climbed to Rs 1.33 lakh crore.
Shares of Tata Power Co Ltd have risen 44% since October end, bringing into spotlight once regarded a defensive bet from the Tata Group. Tata Power shares delivered 43.75% returns since October 26, 2023, taking the stock to fresh record highs in December. In comparison, the stock has zoomed 50.19% in six months. The stock closed 3.11% higher at Rs 333.50 in the previous session. It hit a record high of Rs 336.95 in the current session. The market cap of Tata Power rose to Rs 1.06 lakh crore.