DISCOUNT! Tata Group company share price falls 23% - Should you BUY? Check PRICE TARGET

Tata Power Share Price Target NSE BSE: Tata Power shares are available at a huge discount on the NSE and BSE. Tata Power is a Tata Group company. It is headquarered in Mumbai. Tata Power share price has declined more than 20 per cent from its 52-week high. Tata Power share price 52-week range is Rs 298.08 - Rs 125.44 on the NSE. 

Tata Power share is currently available at a discount of 23 per cent. Tata Power share price NSE settled on Thursday, August 25, at Rs 229.50 apiece. 

Brokerage firm ICICI Securities has downgrade the rating from BUY to ADD for Tata Power shares. It said that Tata Power has a growth strategy for its several businesses over FY23-FY27. The company has a clear focus towards clean and green growth. Highlighting the company's transition towards clean energy and aims to further improve its leadership position in several green businesses, ICICI Securities said that the long-term potential of the company's businesses is good, especially its renewables and distribution businesses. It added that the company is the best-placed private player in the power sector.

Tata Power Share Price Target NSE BSE 

ICICI Securities said that Tata Power share price can yield a return of around 13 per cent from the current level. The brokerage house has set a price target of Rs 262 for Tata Power shares. The time period given by ICICI Securities is six months.

Tata Power share price has jumped over 80 per cent in the last one year while yielding a massive return of around 190 per cent in last 5 years. It has generated a return of around 3 per cent in last 6 months. 

Tata Power is one of the largest power generation companies in the country. The company also operates in Singapore, Indonesia, South Africa and Bhutan.