InvestorQ : What is the big story behind the rally in the stock of Tata Power?
Katherine Gonsalves made post

What is the big story behind the rally in the stock of Tata Power?

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rhea Babu answered.
2 months ago
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Tata Power has been another star performer on the stock markets and this Tata group company has hit a new high of Rs.194 on the bourses during the week. This is another of the Tata group stocks that has rallied sharply. In fact, the stock has also seen heavy volumes in recent days, even as the stock of Tata Power has rallied by 40% in just 2 weeks. During this period, the Nifty index was almost flat.

The green energy bet of Tata Power is really holding the stock in good stead. Tata Power is currently going big on electric vehicle charging infrastructure (EVCI) across India and for that it has tied up with TVS Motors of the Sundaram group. Tata Power also aims to scale up its renewable portfolio from the current level of 4 GW to 25 GW by the end of year 2030.

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