Tata Power Shares Crosses the Rs. 1 Lakh Crore M-Cap Barrier

[{"selector":"#anim-88bca06c-1a48-4c3d-83fb-860ac7eee4dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ae0b1e6e-901c-4c5a-aebd-c0cff32d3468","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Tata Power Shares Crosses the Rs. 1 Lakh Crore M-Cap Barrier

[{"selector":"#anim-cfddb7d7-83a8-41b0-91f0-b07e2f3b6f16","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2215b4d2-f0fd-4d6b-8e16-e1f3b8e79b31","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] TATA Power becomes 6th Tata group firm to cross Rs 1 lakh cr m-cap

[{"selector":"#anim-eddac812-f607-4426-9dfb-37da23c41537","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-37a02c9b-1508-4fde-8d4c-4bd150b4bc82","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Tata Power's stock has risen 50% so far in 2023, outpacing the Nifty 50 benchmark's rise of approximately 15% during the same time frame.

[{"selector":"#anim-13f14a20-2be1-450a-bf9f-6ec506f01765","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d9505128-f21e-4be7-93bc-32caf4f69e3e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] On December 7, Tata Power shares surged 11% to a new all-time high following a 'buy' rating upgrade by brokerage JM Financial.

[{"selector":"#anim-fb83f522-04a1-4635-9bae-0b78b5295424","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f576454c-f306-4ba4-9bce-15c51656c4da","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Due to its impressive performance, the company also became the sixth Tata Group company to surpass the Rs 1 lakh crore market cap.

[{"selector":"#anim-7c209e1d-366e-40cc-ab7d-8d4fe9612c75","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02205ab3-6163-4a5f-88ed-234dc6be4e7c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] On December 7, Tata Power's shares closed 10.8% higher on the NSE at Rs 325.80.

[{"selector":"#anim-4394412c-668a-43f6-a7e2-18f11b1a1833","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0154061c-e8be-4550-b2d8-3866d8e53fb1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Earlier in the day, the stock hit an all-time high of Rs 332.15.

[{"selector":"#anim-2164ef91-f2cf-401b-b8fb-dbddfe62c73d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4d59a393-173f-43c9-9023-bdd3d352d8a5","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] JM Financial increased its price target for the stock by 40%, from Rs 220 to Rs 350.

[{"selector":"#anim-a16918b6-f2d5-49c4-bf03-ce8643f44bdc","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-52a1c8d8-0d14-4e84-85cb-fee40f786ab7","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Over the course of the next 12 months, a potential 24 percent rally is implied by the revised price target.

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