Will Tata Power stock crash? Brokerages’ predictions on potential market downturns
Shorts By/
Shefali Dhiman
May 10, 2024
Tata Power stock surged to record levels in December 2023, marking a 24% gain during the month. It reached ₹464.30 by May 3 but dipped below ₹425 post-Q4 earnings. Despite a recent decline, the company's consolidated net profit rose 15% YoY to ₹895 crore in Q4 compared to ₹778 crore in the prior year.