Tata Power shares surged to a high of Rs 447.70 today against the 52-week low of Rs 228.10 reached on August 16, 2023.

Tata Power shares rebound 93% from 52-week low; buy, sell or hold?

During the first quarter earnings season, 132 companies, including PFC and Tata Power, were scheduled to announce their financial results. Vedanta’s net profit was expected to range between Rs 2,197-3,060 crore, with revenue estimates between Rs 35,440-38,674 crore for June 2024. Different brokerages provided varying growth predictions.

Q1 results today: Vedanta among 132 companies to announce earnings on Tuesday

Here are the stocks to watch before going into trade today.

Stocks To Watch: Tata Power, TVS Motor, Vedanta, Dabur, Bharti Airtel, ONGC

Indian markets fell almost 3% on Monday, reflecting concerns over economic slowdown and global issues. Rupiah fell to an all-time low as uncertainty looms around RBI Policy amidst recession fears. Important companies like Tata Power and Vedanta are set to declare their Q1 results on Tuesday.

GIFT Nifty rises over 150 pts; here’s the trading setup for today’s session

Indian benchmark indices plummeted almost 3% on Monday amid global market shocks and concerns over a US economy slowdown. RIL, Bharti Airtel, Vedanta, Tata Power, and other major companies were highlighted due to recent news and quarterly results. RILs AGM is on August 29, while ONGC and Airtel disclosed contrasting profit performances.

Stocks in news: RIL, Bharti Airtel, Vedanta, Tata Power, Lupin

Here are the earnings estimates of major companies that are scheduled to announce their results on Tuesday.

Tata Power, Vedanta, TVS Motor, Lupin Q1 Results Today — Earnings Estimates

As of 30-Jun-2024, promoters held 46.86 per cent stake in the company, while FIIs held 9.51 per cent and domestic institutional investors had 7.24 per cent.

Tata Power stock price down 5.34 per cent as Sensex slides

Power Finance Corp, Vedanta, Tata Power, Britannia Industries, TVS Motor, Bosch, Shree Cement, Solar Industries, Lupin, Linde India, PB Fintech, PI Industries, Berger Paints, Gujarat Gas, and others will announce their June quarter results.

Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others

The Street will react to major earnings reports from SBI, Divis Laboratories, Titan, and Britannia when markets resume trading on Monday. Additionally, 922 BSE-listed companies will announce April-June earnings, including Bharti Airtel and Tata Power. Indian markets will take cues from US market closures and GIFT Nifty futures.

Q1 results, IPO action among 10 factors that will steer D-Street this week

Tata Power shares surged to a high of Rs 470.85 against the previous close of Rs 464.35 on BSE. Market cap of Tata Power crossed the Rs 1.5 lakh crore mark.

Tata Power shares hit record high: Price targets, support, stop loss and more

Promoters held 46.86 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 9.51 per cent and 7.24 per cent, respectively.

Share price of Tata Power jumps as Sensex drops 775.92 points

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Tata Power Company Limited is an integrated power company engaged in generation, transmission, distribution and trading of 
electricity. It is also engaged in mining and trading of coal.