Tata Power declines 0.62% as Sensex slides
Tata Power Company Ltd. traded at Rs 263.8 on BSE at 12:43PM (IST) on Wednesday, down 0.62 per cent from previous close.
The stock quoted a 52-week low price of Rs 182.45 and a high of Rs 276.5.
Earlier, the stock saw a gap down opening in the morning.
A total of 216,639 lakh shares changed hands on the counter till 12:43PM (IST).
The stock of Tata Power Company Ltd.
commanded a market value of Rs 84325.01 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 23.99, 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, 152 stocks traded in the green, while 349 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 foreign portfolio investors and domestic institutional investors owned 9.76 per cent and 3.05 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 216.57 on September 20, while the 50-DMA was at 240.53. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
