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.
Shares of Tata Power Company Ltd hit their 52-week high for the second consecutive session in early trade amid a record rally in the broader market today. Tata Power stock hit a yearly high of Rs 286, rising 3.72% in the morning session today. With today’s rally, the stock is Rs 12 short of the all-time high of Rs 298 hit on April 7, 2022. In the afternoon session, a total of 9.60 lakh shares of the firm changed hands amounting to a turnover of Rs 27.03 crore on BSE. Market cap of the firm rose to Rs 89,405 crore.
The transmission project, to be undertaken on a Build-Own-Operate-Transfer (BOOT) basis, is poised to facilitate the evacuation of 7.7 gigawatts (GW) of renewable energy from the Bikaner Complex in Rajasthan.
Shares of Tata Power Company Ltd hit their 52 week high in early trade amid a rally in the broader market today. Tata Power stock hit an intraday high of Rs 278.50, rising 3.93% in the morning session today. The Tata Group stock has gained 28% in the last six months. Tata Power stock has risen 22.45% in a year and climbed 30.04% this year. The stock has seen very less volatility in a year with a beta of 0.3.