Tata Power‘s share price was rocketing at the bourses on Monday morning, going up 3% to hit an intraday high of ₹458.85. What Happened: The surge today comes as the Central Electricity Authority (CEA) has given the green signal to two more hydro-pumped storage projects (PSPs) in Maharashtra.

On the last trading day, Tata Power opened at ₹444.45 and closed at ₹456.10. The stock reached a high of ₹460 and a low of ₹444.45, indicating a positive movement throughout the day.

Shares of Tata Power Company Ltd. gained 0.42 per cent to Rs 437.65 in Thursday's trade as of 12:21PM (IST). The stock hit a high price of Rs 443.0 and low of Rs 436.0 during the session. The return on equity (ROE) for the stock stood at 11.

Tata Power shares jumped after the company's subsidiary, TP Solar, began commercial production of solar cells at its new plant in Tirunelveli, Tamil Nadu.

This will be the second consecutive year of positive returns for Tata Power after the stock had returned 60% in 2023.

Shares of Divi's Laboratories Ltd. gained 0.27 per cent to Rs 5465.5 in Monday's trade. It hit a high of Rs 5582.85 and low of Rs 5459.45 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4166.