200% Dividend: Crorepati Tata Stock To Trade Ex-Dividend, Buy For TP Rs 490: ICICI Securities

Tata Power Company Ltd declared final dividend of Rs 2.00 per equity share of Re 1 each for the financial year ended March 31, 2024. The company fixed July 4, 2024 as the record date for final dividend. Current market price of Tata Power Company share on BSE is Rs 432.80 per share with intraday fall of 0.94%. Tata Power Company shares offered return of 99.49% in last 1-year and 310.82% in last 3-years. The company has a market capitalisation of Rs 1,38,294.30 crore.

Life Insurance Corporation of India (LIC) has 7.90% stake in Tata Power Company with 252,564,287 shares while General Insurance Corporation Of India has 1.01% stake in the company with 32,143,500 shares of the firm. More details below:

Tata Power Company Ltd To Trade Ex-Dividend In July: As per the BSE filing of Tata Power Company Ltd dated May 8, 2024, "Pursuant to Regulation 42 of the Listing Regulations, the Company has fixed the Record Date as Thursday, July 4, 2024 for taking record of the Members of the Company for the purpose of payment of dividend. The dividend, if approved by the Members at the AGM, will be paid, subject to deduction of tax at source, on and from Thursday, July 18, 2024."

Tata Power Turns Rs 37 Lakh Investment To Rs 1.18 Crore In 3-Years: Tata Power Company share was priced Rs 106.45 per share as on May 31, 2021. If you had bought 35,000 shares of the company at this price, you would have got a total corpus of Rs 11835876 crore with the net profit of Rs 8110126 (including dividend income of Rs 7.30 of 4 years). We have also included dividend of every year that the company offered in this time span. Tata Power declared Rs 2 per share dividend this year, offered Rs 2.00 per share dividend in 2023, Rs 1.75 per share dividend in 2022, and Rs 1.55 per share dividend in 2021.

Tata Power Company Q4: The company declared a rally of 15.19% year-on-year (YoY) in net profit to Rs 895 crore for the quarter ended March 31, 2024 as against the net profit of Rs 777 crore announced in the corresponding quarter of last year, as per the BSE filing. Tata Power announced its revenue from operations for the March 2024 quarter at Rs 15,846.6 crore, up 27.2% as compared to Rs 12,453.8 crore in the similar quarter of last year. The EBITDA, at the operating level, surged 25.5% to Rs 2,331.9 crore for Q4 as against Rs 2027.8 crore in the same quarter of last fiscal. Meanwhile, the EBITDA margin declared at 14.7% for the quarter under consideration as against 16.3% in the similar period of last fiscal.

Tata Power Company Share Performance: The 52-week high price of Tata Power Company share on BSE is Rs 464.30 per share (as on 03/05/2024) and 52-week low price is Rs 201.75 per share (as on 19/05/2023), respectively. Tata Power Company shares declined over 3% in last 1-week, jumped 58% in last 6-months, soared 99% in last 1-year, offered return of 93% in last 2-years, and offered return of 530% in last 5-years.

Should You Buy Tata Power Company Share? According to ICICI Securities," We resume coverage on the stock with target price of INR 490/share." The analyst said, "Tata Power reported adjusted profit of Rs.8bn (+5% yoy) in Q4FY24 and Rs.32bn (+3% yoy) in FY24. The muted profit growth was due to low international coal prices."

Tata Power Stock Split History: Tata Power Company split the face value of its shares once since September 26, 2011. Tata Power Company last split the face value of its shares from Rs 10 to Re 1 in 2011.The share traded ex-split from September 26, 2011.

Tata Power Company About: It is India's Largest Integrated Power Company, present across the entire power value chain of conventional & renewable energy, power services and next-generation customer solutions including solar rooftop and EV charging stations, as per its official website.

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