Mumbai Battery Storage Project Fails to Keep Tata Power On Growth Curve At Closing

8th April, 2025 / 3:30 PM

Tata Power share prices are now at ?359.70 by closing, which is 0.15% lower than today’s (8th April) opening price of ?360.25. This comes amidst news of the Maharashtra Electricity Regulatory Commission, or MERC, issuing its approval to the company’s mega 100 MW battery storage project in Mumbai. It will play a vital role in supporting critical infrastructure in India’s financial capital and the news seemed to have buoyed the share prices when they opened 0.96% higher than yesterday’s closing figures.

At the same time, the midday numbers were ?361.25, which was also 0.23% higher than the opening price. In fact, the peak threshold within this timeframe was ?364.25, while the lowest

8th April, 2025 / 12:30 PM

Tata Power share prices opened today at ?360.25, which was about 0.96% higher than yesterday’s closing price on the back of an upcoming battery storage project in Mumbai that will support critical infrastructure in the city. This momentum came after the stock also closed 5.87% higher than yesterday’s opening figures. At midday, the share prices stood at ?361.10, which is about 0.23% over the opening price.

The highest point in trading was ?364.25, while the lowest threshold was ?356.48, and then the stock recovered again to touch the midday figures. It remains to be seen how the stock performs by the closing today.?

8th April, 2025 / 9:30 AM

Tata Power has been in the headlines for obtaining approval for its upcoming 100 MW battery storage project in Mumbai. This development seems to have propelled it toward 0.96% growth over yesterday’s closing price of ?356.80, as it opened at ?360.25 today. This comes after a massive recovery yesterday, when the stock initially opened 8.79% lower than the 4th April closing price of ?369.50 at ?337. However, it went up to ?351.75 by midday and then closed at the figure mentioned above, which was 5.87% higher than the opening figures.?

After two straight days of opening below the closing price, Tata Power has bucked the trend today in a possible continuation of yesterday’s positive momentum. Let us wait and see whether the trend continues into midday.?

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