Meet the multibagger Tata stock that has delivered 141 per cent returns in a year!

Strong and consistent business performance has been reflected in the stock price.

Tata Power Company Ltd, one of the largest integrated power generation, distribution and trading companies of India, has exploded its shareholders’ wealth, increasing by a multiplier of 2.4 times. The stock price has gone up from Rs 93.1 on February 19 2021 to Rs 225 as of today. That’s a huge gain of over 141 per cent making it a multibagger stock of the year. 

This multibagger Tata company carries strong and consistent fundamentals with it. The Q3 results too were not an exception to its consistency. The revenues witnessed a growth of 11.2 per cent over the previous quarter to reach Rs 10,913 crore. This was driven by higher project execution by its subsidiary Tata Solar Systems Ltd (TSSL). Given the government’s focus on the solar sector, the revenue growth might turn out pretty sustainable in the future. 

The EBITDA and net profit of the company too improved by 28 per cent and 9.4 per cent respectively when compared to the previous quarter i.e.Q2 FY22. On the ESG front too, it has got the highest score of 67 out of 100 (vs industry average of 38), from S&P Global’s Corporate Sustainability Assessment (CSA). All these factors seem to have contributed to making this Tata stock a multibagger.