Tata Power shares fall 2.53 per cent in Tuesday's trading session
Tata Power Company Ltd. fell 2.53 per cent to Rs 264.9 in Tuesday's trade as of 01:39PM (IST) even as the benchmark Nifty ruled at 19995.5, down 0.85 points.
The scrip had closed at Rs 271.8 in the previous session.
The stock quoted a 52-week low of Rs 182.45 and a high of Rs 276.5. The company quoted a market-cap of Rs 84804.31 crore on the BSE.
On BSE, 1,221,157 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 24.13 times its trailing 12-month EPS of Rs 11.0 per share and 2.11 times its book value. The return on equity (ROE) stood at Rs 11.58.
Key Financials For the quarter ended 30-Jun-2023, Tata Power Company Ltd.
reported consolidated sales of Rs 15484.71 crore, up 5.78 per cent from the same quarter a year ago. The company reported 22.39 per cent YoY growth in net profit at Rs 972.49 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Tuesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
