Espresso shot of the day – Tata Power Co Ltd up by 8.28 percent

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Espresso shot of the day – Tata Power Co Ltd up by 8.28 percent

September 29, 2021
Espresso shot of the day – Tata Power Co Ltd up by 8.28 percent

TATA POWER CO. LTD. 151.65 (+8.28 %) BSE – INE245A01021 | 29TH SEPTEMBER 2021


Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is a pioneer in technology adoption, with many firsts to its credit, supporting the country's energy independence. Tata Power, together with its subsidiaries and joint entities, has a generation capacity of 13,061 MW, of which 32% comes from clean energy sources. The company has the distinction of being among the top private players in each sector of the value chain, including solar rooftop and value-added services. Tata Power is a pioneer credited with steering the energy sector on technology, process and platform. Powering emerging technologies for the “smart” customer, Tata Power's latest business integrated solutions, focusing on mobility and lifestyle, are poised for multi-fold growth. Since its inception in 1915, Tata Power now has over a century of expertise in technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives. Tata Power is committed to “lighting up lives” for generations to come.

Recent Drivers

  • Tata Power is gaining strong momentum with nearly 40% / 10% market share enjoyed by its electric vehicle (EV) charging/solar EPC segments. Its solar pump / solar rooftop business witnessed 8x/4x growth during Q1FY22 with the highest-ever order book of Rs 1,100 crores across solar pumps.
  • Tata Power has restarted fund-raising efforts for its renewables business, six months after pulling out of negotiations with Malaysia’s Petronas, for up to USD 2 billion investment. It’s now looking to raise Rs 4,000 – 5,500 crored (USD 500 – 750 million) for Tata Power Renewables Energy (TPREL), the subsidiary of listed Tata Power.
  • On Sept 20, TP Saurya Ltd. (TPSL), a wholly owned subsidiary of Tata Power, has received a letter of intent from Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) to set up a 250 MW grid-connected solar photovoltaic power plant in 
  • Lodha Group said it has partnered with Tata Power to provide end-to-end EV charging solutions in all its residential and commercial projects across Mumbai Metropolitan Region (MMR) and Pune.
  • On Sept 2, TP Saurya Ltd. (TPSL) has received a letter of award from Rewa Ultra Mega Solar Limited to set up a 330 MW solar project in Madhya Pradesh.
  • On Aug 24, Tata Power Renewable Energy (TPREL), a 100% subsidiary of Tata Power, announced the commissioning of a 150 MW solar power project in Loharki, Rajasthan.
  • The company announced net sales of Rs 9,968.03 crores in June 2021, up 54.47% from Rs 6,452.99 crores in June 2020.
  • Tata Power reported quarterly net profit of Rs 391.03 crores in June 2021, up 89.25% from Rs 206.62 crores in June 2020.
(Sources: Economics Times, Business Standard, Moneycontrol, Livemint )


Technical Force*

  • S&P BSE 100 month till date gain up by -0.20 %
  • Traded on new 52 Week High value 155.20
  • Spurt in volume by more than 3.24 times compare to previous vol. 3 months avg. volume: 30,63,382
  • Quantity traded: 1,40,27,185| Deliverable quantity: 43,97,209 (31.35%)
  • Stock price has jumped more than 200 % from one-year low level: 51.65 (Oct 29, 2020)
  • Daily RSI (14) is at Overbought territory today
  • 52-week-high: 155.20 | 52-week-low: 51.65

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 146.10

112.55

94.10

60.55

42.10

8.55

-

    -

Fibonacci Pivot

112.55

92.69

80.41

72.51

60.55

48.59

40.69

28.41

8.55


Today’s Close

151.65

SMA

BSE

10 DAY

139.95

20 DAY

136.62

50 DAY

131.43

200 DAY

107.31


Some Key Ratios (Source: BSE)

Market Cap: 48,457.32 crores

PE: 45.10

OPM%: 53.16

ROE%: 5.85

Promoters holding%: 46.86

Prev. Close: 140.05

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.