Tata Power shares gain 0.22% as Sensex rises
Tata Power Company Ltd. traded 0.22 per cent higher in Tuesday's session at 11:58AM (IST).
The stock opened at Rs 241.4 and has touched an intraday high and low of Rs 242.6 and Rs 239.6, respectively, during the session so far.
The stock quoted a 52-week high of Rs 251.0 and a 52-week low of 182.45. About 1,041,878 shares changed hands on the counter so far.
Benchmark Nifty50 was up 35.0 points at 19428.6, while the BSE Sensex traded 110.96 points higher at 65327.05 at the time of writing of this report.
In the Nifty pack, 32 stocks traded the day in the green, while 16 were in the red.
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.
The company reported net profit of Rs 972.49 crore for the latest quarter.
Promoter Holdings Promoters held 46.86 per cent stake in the company as of 30-Jun-2023, while FIIs held 9.75 per cent and MFs 3.05 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 213.37 on August 22, while the 50-DMA was at Rs 226.47. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
