Tata Power gains 3%, hits 52-week high on improved financial performance
Shares of Tata Power Company (TPCL) hit a 52-week high of Rs 252.20, up 3 per cent on the BSE in Thursday’s intraday trade. It surpassed previous high of Rs 251 touched on September 7, 2022.
The stock of the Tata Group’s integrated power utility company was trading higher for fourth straight day, surging 10 per cent during the period, after Tata Power Renewable Energy (TPREL) signed a Power Purchase Agreement (PPA) for 9MWp on campus solar plant with Tata Motors Pantnagar plant in Uttarakhand. TPREL is a leading player in the renewable energy sector and a subsidiary of TPCL.
