Tata Power shares may fall 45% in 12 months
Thu, May 9, 2024 9:44 AM

Tata Power shares may fall 45% in 12 months

A Flip by Shubhangi Gupta
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Shares of Tata Power Company Ltd. declined over 2% in Thursday's opening trade after global brokerage firm Goldman Sachs said it expects the stock to fall as much as 45% over the next 12 months. The brokerage has a 'Sell' rating on the Tata Power stock and a price target of ₹240 per share, suggesting a potential downside of 45% from the stock's closing level on Wednesday.

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