Tata Power vs Adani Power:There are many companies in the power sector that have given multibagger returns to investors in the short or long term. Two such big companies are Adani Power and Tata Power. Adani Power shares have risen 527%, 922% and 1,393% in three years, five years and ten years respectively. At the same time, Tata Power shares have risen 140%, 654% and 456% in three years, five years and ten years respectively. Both these shares have made investors rich even in the short term.

Tata Power

Talking about the stock of Tata Power, it has slipped 1.01% to Rs 460.80 as against the previous closing level of Rs 465.50. On 26 October 2023, the shares of Tata Power were at a 52-week low of Rs 230.75. Let us tell you that this stock has given a return of 39% in 2024, so there has been an increase of 82% in one year.

Target Price

According to the news of Business Today, brokerage company Nomura India has set a target of Rs 560 for Tata Power. The brokerage said that with the help of increasing order book, Tata Power can perform well in its EPC business. Currently, the company's order book is Rs 15,700 crore. This power sector company is also seen expanding its recently commissioned 4.3GW cell-to-module facility. Nomura India said that Tata Power may see a sharp jump in profits from Odisha discom business.

Earlier, global brokerage Morgan Stanley doubled its stance on the Tata Group company to overweight. It also raised the target to Rs 577. At the same time, Motilal Oswal initiated coverage calling the company a top pick in the Indian power sector. The brokerage has set a target price of Rs 530 with a 'buy' rating on the stock.

Adani Power

The stock of Adani Group company-Adani Power was at Rs 642 on BSE against the previous close of Rs 645. Adani Power stock has seen a growth of 21.58% in the year 2024 and has gained 82.52% in one year. Amey Randive of Stockbox said that Adani Power has shown a soft trend at the support range of Rs 620-600. The stock of this company is likely to move towards Rs 700-725.