Share price of Tata Power rises as Nifty weakens

economictimes.indiatimes.com:

Tata Power Company Ltd. gained 0.29 per cent to Rs 253.9 in Monday's trade as of 10:25AM (IST). The stock hit a high price of Rs 255.35 and low of Rs 251.4 during the session.

The return on equity (ROE) for the stock stood at 11.58 per cent. Traded volume on the counter stood at 10:25AM shares and turnover at Rs 2.83 crore around that time. The stock of Tata Power Company Ltd.

quoted a 52-week high price of Rs 276.5 and 52-week low prices of Rs 182.45, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.73.
Promotor/FII Holding Promoters held 46.86 per cent stake in the company as of 30-Jun-2023, while foreign investors held 10.01 per cent and domestic institutional investors had 3.97 per cent.

Key Financials The company reported consolidated sales of Rs 16029.54 crore for the quarter ended 30-Sep-2023, up 3.52 per cent from previous quarter's Rs 15484.71 crore and up 13.03 per cent from the year-ago quarter's Rs 14181.07 crore. Net profit after tax for the latest quarter stood at Rs 875.53 crore, up 6.89 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter.

The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.