Tata Power shares rise 5.3 per cent in Friday's trading session
Tata Power Company Ltd. rose 5.3 per cent to Rs 232.5 in Friday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 19607.6, down 52.3 points. The scrip had closed at Rs 220.8 in the previous session.
The stock quoted a 52-week low of Rs 182.45 and a high of Rs 251.0. The company quoted a market-cap of Rs 70553.1 crore on the BSE. On BSE, 1,673,737 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 21.15 times its trailing 12-month EPS of Rs 10.44 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 31-Mar-2023, Tata Power Company Ltd. reported consolidated sales of Rs 13325.3 crore, down 9.05 per cent from the same quarter a year ago.
The company reported 54.58 per cent YoY growth in net profit at Rs 777.73 crore for the latest quarter.Technical indicators The relative strength index (RSI) of the stock stood at Friday. 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.
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