This multibagger stock option zoomed 420 per cent in a day; the stock price hit fresh 52-week high!

If you had bought one lot of Tata Power’s call option strike price of Rs 440 at the day open at Rs 2.9 and held till now, you would have gained Rs 24,339.55 per lot in a day.

Tata power Ltd shares soared 7.64 per cent and hit fresh all-time high at Rs 425.25. The stock price traded on new 52-Week High value of Rs 182.35 and saw spurt in volume by more than 5.95 times. Due to which the stock options of Tata power zoomed more than 400 per cent in a day. The multibagger call option strike price of 440 soared 420 per cent in a day from Rs 2.9 to Rs 13.

If you had bought one lot of Tata Power’s call option strike price of Rs 440 at the day open at Rs 2.9 and held till now, you would have gained Rs 24,339.55 per lot in a day.

On March 7th, 2024, Tata Power, one of India’s largest integrated power companies, has received validation from the Science Based Targets initiative (SBTi) for its near-term objectives. This milestone establishes the Company as the sole Indian Integrated Power entity with validated SBTi targets, in line with the well-below 2°C trajectory.

Tata Power’s ambitious goals include a commitment to considerably "reduce scope 1 GHG emissions by FY2037 from a FY2022 baseline" and "achieve a reduction in scope 1 and 3 GHG emissions from the generation of all sold electricity within the same timeframe."

The futures of Tata chemicals saw significant long buildup today by gaining 8.40 percent and OI increase of 18.37 per cent. On the weekly basis the stock has formed significant long buildup gaining 13.26 per cent and OI increase of 19.47 per cent.

Tata Power Co., Ltd. engages in the provision of power supply and transmission charges.

The shares of the company have delivered multibagger returns of over 103.3 per cent in a year and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.