Tata Power declines 0.89% as Sensex climbs

economictimes.indiatimes.com:

Tata Power Company Ltd. traded at Rs 419.05 on BSE at 12:47PM (IST) on Friday, down 0.89 per cent from previous close.
The scrip quoted a 52-week low price of Rs 230.75 and a high of Rs 470.85.

Earlier, the stock saw a gap up opening in the morning.
A total of 128,015 lakh shares changed hands on the counter till 12:47PM (IST).
The stock of Tata Power Company Ltd. commanded a market value of Rs 133996.56 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 36.27, while the price-to-book value ratio stood at 3.89. Return on equity (ROE) was at 11.42 per cent, according to exchange data.
In the BSE500 pack, 202 stocks traded in the green, while 298 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-2024 while foreign and domestic institutional investors owned 9.51 per cent and 7.24 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 386.68 on August 23, while the 50-DMA was at 433.34. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.