Tata Power Share Price Target 2023 – Multibagger Share of 2023?

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TATA power’s share price growth story is very interesting and has recently piqued the interest of large investment firms. TATA power’s share price was 28.30 on 04 May 2020, rising all the way 828% to 277.30 on 11 April 2022.

As of October 7, 2022, the share price of Tata Power had fallen 22.39% from this level.

Tata Power (TPCL) is India’s largest integrated power corporation with a global footprint. In India, the company has an installed generation capacity of 10,750 MW with a presence in all power sector areas, including fuel and logistics, generation (thermal, hydro, solar, and wind), transmission, distribution, and trading. It has effective public-private partnerships in India in the areas of generation, transmission, and distribution. It is one of India’s leading renewable energy providers (2.6GW operating capacity) and has created the country’s first 4000 MW Ultra Mega Power Project based on super-critical technology in Mundra (Gujarat).

Following a significant surge in 2021, the tata power share price soared and closed above the 200 price level, which the stock has been able to maintain since then. Looking at the demand zone, it is evident that the price level of 200 has been a significant demand region for the stock, with the price reaching around this level four times and the stock moving upward.

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