TATAPOWER

Tata Power just reported a stellar Q3 FY26, highlighted by its solar rooftop division achieving a record 1 GWp execution. With the government's 2026 budget increasing allocations for the PM Surya Ghar scheme, Tata Power is the primary beneficiary of India's residential solar explosion. PAT for the manufacturing segment grew by a massive 262% YoY, proving that their backward integration (making their own cells) is working. S&P Global recently upgraded their outlook to BBB/Stable, which lowers their borrowing costs for future green projects. Order Book: Currently sits at a healthy ₹1,174 Crores for solar rooftop alone. Technical perspective: The "Breakout" Zone: The stock is currently testing a "falling supply line." A clean daily close above ₹381 could trigger a fast rally toward ₹415. Support: Strong buying interest is visible at the ₹350 - ₹358 zone (confluence of the 200-day EMA). RSI: Currently at 51, leaving plenty of "headroom" for an upward move before becoming overbought.