Shares of Tata Power Co Ltd scaled fresh record highs in five sessions in December. The large cap stock hit all-time high in five out of last six sessions rising from a high of Rs 298.60 on December 6 to a fresh record of Rs 340.45 on December 13 (current session). Before scaling record highs this month, the Tata Power stock had hit an all-time high of Rs 298 on April 7, 2022. It took the Tata Group stock 20 months to breach the record high touched in April 2022 as it hit Rs 298.60 on December 6 this year.
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.
Tata Power share price today: Tata Power stock hit an all-time high of Rs 335.80 in the current session. Later, it slipped 3% to an intraday low of Rs 320.