Tata Power is one of the largest electric utility companies in India, supplying power to over 60 million consumers across the country. The company has a strong track record of delivering shareholder value, with a dividend yield of 3.4% and a share price that has outperformed the Sensex by nearly 30% over the past five years.
Investors are betting on Tata Power to continue its strong performance, as the company benefits from India’s growing economy and rising demand for electricity. The company is also well-positioned to benefit from the government’s push to increase renewable energy generation.