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The effect of sluggishness in the stock market on Friday was also seen on the shares of Tata Group’s giant company Tata Power. Despite the selling pressure, global brokerage firm Citi has given a very positive view on this stock. Citi’s new target price is encouraging for investors, as it is well above the current share price.

Share target and current situation

• New target price: Brokerage Citi has set a target of ₹525 for Tata Power.

• Current Price: Currently the share is trading around ₹436. That means Citi’s target is about ₹ 90 (about 20%) more than the current price.

• 52 weeks range: This year the stock has seen a high of ₹464.80 and a low of ₹342.35. City’s target is also above its all-time high.

City’s perspective on power sector

Citi believes that India’s power sector is currently going through a major ‘capex upcycle’ (investment cycle). This covers all fronts such as thermal, renewable (solar and wind), transmission and grid storage. According to the brokerage, power demand is expected to grow at a CAGR (Compound Annual Growth Rate) of 5-6% in the medium term, which will directly benefit companies like Tata Power.

Important meeting on May 12: results and dividends

The date of 12 May 2026 is very important for the investors of Tata Power.

• Fourth Quarter (Q4 FY26) Results: The company’s board will consider the audited results of the last quarter of the financial year 2025-26.

• Dividend Expectation: In this meeting the board can also recommend the final dividend for the shareholders.

Big deal in clean energy with Bhutan

Tata Power has further strengthened its collaboration with neighboring Bhutan as part of its expansion plans:

• New Agreement: Under the amended agreement between Tata Power and Bhutan’s Druk Green Power Corporation (DGPC), work on the 404 MW ‘Nyera Amari I & II’ hydro project will now take place.

• total capacity: With the addition of this new project, the total hydro capacity under partnership between the two companies has reached 5,033 MW. This is part of Bhutan’s target of 25,000 MW generation capacity by 2040.