Tata Power declines 0.53% as Sensex climbs
Tata Power Company Ltd. traded at Rs 333.5 on BSE at 11:16AM (IST) on Friday, down 0.53 per cent from previous close.
The stock quoted a 52-week low price of Rs 182.45 and a high of Rs 338.35.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 407,025 lakh shares changed hands on the counter till 11:16AM (IST).
The stock of Tata Power Company Ltd.
commanded a market value of Rs 106788.25 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 29.91, while the price-to-book value ratio stood at 2.11. Return on equity (ROE) was at 11.58 per cent, according to exchange data.
In the BSE500 pack, 323 stocks traded in the green, while 178 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 1.73.
Promotor/FII Holding Promoters held 46.86 per cent in Tata Power Company Ltd.
as of 30-Jun-2023 while overseas and domestic institutional investors owned 10.01 per cent and 3.97 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 232.86 on December 15, while the 50-DMA was at 266.33. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
