Tata power vs adani power: There are many companies in the power sector which have given multibagger returns to investors in the short or long term. There are two such big companies – Adani Power and Tata Power. Adani Power shares have increased by 527%, 922% and 1,393% in three years, five years and ten years respectively. At the same time, Tata Power shares have increased by 140%, 654% and 456% respectively in three years, five years and ten years. Even in the short term, both these stocks have made investors rich.
Tata Power
Talking about Tata Power shares, it has slipped 1.01% to Rs 460.80 as compared to the previous closing level of Rs 465.50. Shares of Tata Power were at a 52-week low of Rs 230.75 on October 26, 2023. Let us tell you that this stock has given a return of 39% in 2024, so there has been an increase of 82% in one year.
target price
According to the news of Business Today, brokerage company Nomura India has set a target of Rs 560 for Tata Power. The brokerage said that Tata Power can perform well in its EPC business with the help of growing order book. Currently the order book of the company is Rs 15,700 crore. The power sector company is also seen expanding its recently commissioned 4.3GW cell-to-module facility. Nomura India said Tata Power may see a sharp jump in profits from the Odisha discom business.
Earlier, global brokerage Morgan Stanley doubled its stance on the Tata group company to overweight. It also increased the target to Rs 577. At the same time, Motilal Oswal started the coverage by calling the company the top choice in the Indian power sector. The brokerage has set the target price at Rs 530 with a ‘buy’ rating on the stock.
Adani Power
The stock of Adani Power, an Adani Group company, was at Rs 642 against the previous closing level of Rs 645 on BSE. Adani Power’s stock has seen an increase of 21.58% in the year 2024 and it has increased by 82.52% in a year. Amey Ranadive of Stockbox said that Adani Power has shown a soft stance at the support range of Rs 620-600. The shares of this company are likely to rise towards Rs 700-725.
