Tata Power shares up 180% in one year; PLIs likely to sustain momentum

Shares of Tata Power have risen around 180 per cent in the past one-year period evidently due to its strong investment in EV charging stations, solar infrastructure and other expansions.

In early February 2021, the company’s share price was Rs 90, and now it’s over Rs 250, which is 183 per cent up.

Tata Power is an integrated power company, present across the entire power value chain of conventional and renewable energy, power services and next-generation customer solutions including solar rooftop and EV charging stations.

Analysts expect the additional allocation for the solar sector as PLIs is a positive for the solar manufacturers.