Tata Power share price hits new 52-week high; up 7% this week; here's why
Tata Power share price rose 4% to touch a 52-week high on Friday's trading session amid a bullish market and several news developments around the stock. Since last Friday's closing, the Tata Power share price has increased by more than 7% this week.
Tata Power share price today opened at ₹270.30 apiece on BSE. Tata Power shares hit intraday high at ₹278.50 and low at ₹268.50.
Tata Power share price today closed at ₹274.50, up 2.44%. According to Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One, they have seen strong traction in Tata Power shares for the week as prices are up more than 7% from last week's close.
Tata Power share prices are trading around the previous swing high of ₹277, and this momentum is likely to continue in the near term towards the target of ₹288 in the near term. The possible buying zone is visible around ₹267 levels.
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