Tata Power share price up 0.95 per cent
Tata Power Company Ltd. traded 0.95 per cent up at Rs 249.15 at around 11:06AM (IST) on Wednesday.
The stock had closed at Rs 246.8 in the previous session. Equity benchmark Sensex traded 365.29 points higher at 65441.11 around the same time.
The scrip has climbed 5.17 per cent in the last one year till date, while the 30-share index has gained 9.71 per cent during the same period.
The stock's 52-week high price stood at Rs 252.75 and the 52-week low price at Rs 182.45.
Trading volume on the counter stood at 149,058 shares, while it quoted a price-to-earnings ratio of 22.64, an EPS value of 11.0 and a price-to-book value of 2.11.
In the Nifty50 pack, 40 stocks traded in the green, while 10 stocks were in the red.
Promoter/FII Holding Promoters held 46.86 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership stood at 9.75 per cent and 3.05 per cent, respectively.
Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 15484.71 crore, up 16.21 per cent from the previous quarter's Rs 13325.3 crore and up 5.78 per cent from the year-ago quarter's Rs 14638.78 crore. The company reported net profit of Rs 972.49 crore for the latest quarter.
Technical Indicators The MACD signalled a bullish 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. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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