Share price of Tata Power rises as Nifty strengthens

economictimes.indiatimes.com:

Tata Power Company Ltd. gained 1.16 per cent to Rs 223.65 in Monday's trade as of 11:01AM (IST).

The stock hit a high price of Rs 224.7 and low of Rs 221.35 during the session. The return on equity (ROE) for the stock stood at 11.58 per cent.

Traded volume on the counter stood at 11:01AM shares and turnover at Rs 1013.0 crore around that time. The stock of Tata Power Company Ltd.

quoted a 52-week high and 52-week low prices of Rs 251.0 and Rs 182.45, respectively. The Beta value of the counter, 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 9.75 per cent and domestic institutional investors had 14.54 per cent.Key Financials The company reported consolidated sales of Rs 13325.3 crore for the quarter ended 31-Mar-2023, down 7.48 per cent from previous quarter's Rs 14401.95 crore and down 9.05 per cent from the year-ago quarter's Rs 12219.36 crore.