Tata power is India's largest privately owned power utility company, promoted by Tata Enterprise. Tata power is looking at expanding capacity to 500o MW as per this report. It's current installed capacity is aorund 2900 MW .
Remember adani power is aiming for 9700 MW capacity on completion of all phases.
Tata power stock is trading at 1340 Rs with 52 week low of 692 and high of 1487 ( tata power ) .
Let's look at this 6 month chart , stock went form Rs 1000 to Rs 1300. One thing clearly noticable is red bars on lower charts are higher in size compared to green bars. There has been considerable selling on this stock . Mostly on valuation concern, and stock is overvalued.
There is no clearn trend evident from this chart , stock is trading in pretty narrow range for a while. If you stock managed to get beyound 150 Range , it could test 52 week high again.
There is considerable risk in this stock at this level, keep strict stop loss to prevent any damage to your portfolio.