Tata Power stock jumps 3% today after bagging Rs 1744 cr state govt order; Should you buy, sell Tata Power-

Tata Power stock jumps 3% today after bagging Rs 1744 cr state govt order; Should you buy, sell Tata Power?

Tata Power share price jumped 3% to Rs 228.65 today after the company received an order worth Rs 1,744 crore to implement the smart metering project in Chhattisgarh State Power Distribution Company. The estimated time for the completion of the project is about 10 years. Tata Power stock has jumped 4.5% in the past one month and over 80% in the last two years.

“We are pleased to announce that we have won a significant order worth Rs 1,744 crore to implement the Smart metering project in Chhattisgarh State Power Distribution Company Limited. It is a testament to our execution expertise in delivering high value and specialized projects which are aimed at transforming the power distribution domain,” said Praveer Sinha, CEO& MD, Tata Power.