Latest news with #TataPowerCompanyLtd
Business Upturn
03-07-2025
- Business
- Business Upturn
Tata Power shares in focus after $490 million SIAC award to Kleros Capital Partners
By Aditya Bhagchandani Published on July 3, 2025, 08:44 IST Shares of Tata Power Company Ltd will be in focus today after the company disclosed that it has been ordered to pay $490.32 million in damages to Kleros Capital Partners Limited by an arbitral tribunal under the Singapore International Arbitration Centre (SIAC) rules. In an exchange filing dated July 2, 2025, Tata Power said it received the tribunal's award after business hours on July 1. The arbitration, initiated by Kleros in November 2020, alleged breach of confidentiality and non-circumvention clauses under a Non-Disclosure Agreement linked to a proposed Russian coal mining project. The tribunal, through a 2:1 majority decision, partially upheld Kleros's claims and directed Tata Power to pay: $490.32 million in damages along with simple interest of 5.33% per annum from November 30, 2020, until payment, $8.29 million towards legal costs with interest from July 1, 2025. Tata Power said it is reviewing the award and evaluating all available legal options, including a possible challenge to the decision. Strong operational performance in Q4FY25 For the fourth quarter ended March 2025, Tata Power reported a 24% year-on-year jump in consolidated net profit at ₹1,306 crore, supported by a 7.9% rise in revenue to ₹17,096 crore. EBITDA surged 39.2% YoY to ₹3,245 crore with operating margins improving to 19%. The company's board has recommended a final dividend of ₹2.25 per share for FY25, subject to approval at the AGM on July 4, 2025. With both the arbitration outcome and upcoming AGM in play, Tata Power stock is expected to see heightened investor interest today. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
26-06-2025
- Business
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Tata Power, Max Healthcare shares today
Stock market today: The domestic benchmark indices, climbed on Thursday, boosted by gains in metal shares due to a weakening dollar, continuing a recent uptrend fueled by cautious optimism surrounding a potential ceasefire between Israel and Iran. As tensions in the geopolitical landscape diminished, investors took a prudent approach while awaiting the US tariff deadline set for July 9. The Nifty 50 increased by 0.62% to reach 25,399.35 points, while the BSE Sensex rose by 0.61% to 83,262.68 as of 10:13 IST. According to market analysts, with geopolitical uncertainties easing, the focus of investors has returned to the US Federal Reserve and the impending trade tariff deadline on July 9. On the technical front, Osho Krishan of Angel One said that going ahead, Tuesday's high near 25,320 is seen as immediate resistance. A breakout above this level could open the gates for further upside towards 25,400 and eventually 25,500 on the expiry day. Krishan recommends two stocks to buy today. Here's what he says about the overall market. Nifty 50 maintained a steady upward trajectory throughout the day and secured the highest-ever daily closure in the current year, with gains of 0.80%, a tad below the 25,250 mark. Technically, the index has ended the session right at the upper boundary resistance of a 'Rising Wedge' pattern. Despite this, the broader market sentiment remains optimistic, and the momentum is likely to persist on the day of the monthly expiry. Going ahead, Tuesday's high near 25,320 is seen as immediate resistance. A breakout above this level could open the gates for further upside towards 25,400 and eventually 25,500 on the expiry day. On the downside, support is seen around 25,125 followed by the psychological level of 25,000, which also aligns with Tuesday's low. For expiry day trades, maintaining a positive bias is advisable while keeping these key levels in mind. Market breadth continues to favour the bulls, with a 3:1 advance-decline ratio. While the headline indices showed measured movement, midcaps performed well, and small caps outshone, with the Nifty Small Cap index rallying nearly 1.5%. On the sectoral front, a noteworthy development was the breakout in the Nifty 50 India Consumption index, which surged past a long-standing resistance level. This breakout signals potential outperformance in consumption-related stocks in the near future. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - Tata Power Company Ltd, and Max Healthcare Institute Ltd. Tata Power share price has experienced a pronounced consolidation phase over the past several trading weeks. However, in recent periods, the stock has demonstrated increased momentum, having received support from its short-term EMAs and subsequently surpassed both the 20-DEMA and the 200-DSMA. This development suggests a positive bullish outlook. Furthermore, the 14-day RSI has exhibited a favourable crossover, contributing to the overall bullish sentiment. From a risk-reward standpoint, the stock is currently positioned in a favorable zone. Hence, we recommend to BUY Tata Power share price around ₹ 400, keeping a stop loss of ₹ 380, for a potential upside Target of ₹ 435-442. Max Healthcare Institute share price has demonstrated a consistent upward trajectory, consistently forming higher highs and higher lows across all time frames. Currently, the stock is positioned above all of its major exponential moving averages (EMAs), indicating robust underlying strength and potential for sustained momentum in the near future. The technical indicators are in alignment with this prevailing setup, further reinforcing the bullish sentiment. Hence, we recommend to BUY Max Healthcare Institute share price around ₹ 1,220-1,200, keeping a stop loss of ₹ 1,150, for a potential upside Target of ₹ 1,300-1,320. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
25-04-2025
- Business
- Business Upturn
Tata Power share price dips nearly 2% today; Company eyes export boost as US slaps tariffs on Southeast Asian solar imports
By Aditya Bhagchandani Published on April 25, 2025, 10:50 IST Shares of Tata Power Company Ltd declined 1.87% to ₹388.45 on the NSE during Friday's session, slipping from the previous close of ₹395.85. The stock traded between ₹386.00 and ₹402.50 during the day, with a market capitalization standing at ₹1.24 trillion. The dip comes even as the company highlighted significant growth opportunities in the global renewable energy space. Praveer Sinha, MD & CEO of Tata Power, stated that the company is gearing up to supply solar modules internationally—particularly to the United States, following steep import tariffs imposed by the US on solar equipment from Southeast Asian nations. 'We have a 4.9 GW solar module manufacturing capacity, and possibly up to 1 GW may be exported,' he noted. Apart from renewables, Tata Power is also actively exploring nuclear energy, with plans to set up both large-scale and modular nuclear reactors. The company has begun identifying sites and expects construction of its first nuclear plant to begin within the next two years. Commercial operations could start in the early 2030s. While the capital expenditure for nuclear projects is expected to be high—potentially double that of coal-based plants—the cost of generation may remain competitive due to lower fuel costs. Tata Power is currently in talks with both Indian and international partners for nuclear technology collaborations. However, the company has urged the government to support areas such as fuel sourcing and waste disposal, which could involve creating a separate entity for managing small modular reactors (SMRs). Despite a strong forward-looking strategy, Tata Power's share price is down nearly 8% over the past year, indicating cautious investor sentiment amid capital-intensive expansion plans. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
