Tata Power shares opened today's session at Rs 361 and that remained day's high. The stock drifted to intraday low at Rs 350 and closed the session near day's low.
ICICI Securities has reiterated its BUY recommendation for Tata Power Ltd. (TPWR), raising the target price from Rs 500 to Rs 541, reflecting a 23% upside from the current market price of Rs 440.
Tata Power's strategic shift towards renewable energy and its expansion into the transmission and distribution (T&D) sectors are expected to fuel significant growth in the coming years.