After claiming last week that Tata Sons listing was imminent, reports now say an IPO is improbable in near future and the company is exploring other options to adhere to RBI norms
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.
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.