Tata Power share price down 0.53 per cent

economictimes.indiatimes.com:

Tata Power Company Ltd. traded 0.53 per cent up at Rs 218.35 at around 11:43AM (IST) on Thursday. The stock had closed at Rs 219.5 in the previous session.

Equity benchmark Sensex traded 19.87 points lower at 67077.57 around the same time. The scrip has declined 3.98 per cent in the last one year till date, while the 30-share index has gained 23.04 per cent during the same period. The stock's 52-week high price stood at Rs 251.0 and the 52-week low price at Rs 182.45.

Trading volume on the counter stood at 380,535 shares, while it quoted a price-to-earnings ratio of 20.93, an EPS value of 10.44 and a price-to-book value of 2.11. In the Nifty50 pack, 24 stocks traded in the green, while 26 stocks were in the red.Promoter/FII Holding Promoters held 46.86 per cent stake in the company as of 30-Jun-2023, while foreign institutional investors and MF ownership stood at 9.75 per cent and 3.05 per cent, respectively.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 13325.3 crore, down 7.48 per cent from the previous quarter's Rs 14401.95 crore and down 9.05 per cent from the year-ago quarter's Rs 12219.36 crore. The company reported net profit of Rs 777.73 crore for the latest quarter.Technical Indicators The MACD signalled a bearish 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 top of the MACD to reflect «buy» or «sell» opportunities.