Tata Power shares up 1.04% as Sensex rises
Tata Power Company Ltd. gained 1.04 per cent to Rs 349.1 in Friday's session as of 01:03PM (IST) even as the equity benchmark Sensex traded 519.63 points higher at 71706.49.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 361.95 and a 52-week low of Rs 182.45 on NSE. Around 732002 shares changed hands on the counter till 01:03PM (IST).
The stock opened at Rs 348.35 and has touched an intraday high and low of Rs 351.35 and Rs 345.25 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 31.28, earnings per share (EPS) of Rs 11.17 and price to book value (PB) of 2.11, while the return on equity (ROE) stood at Rs 11.58.
Promoter/ FII Holding
The promoters held 46.86 per cent stake in the company as of January 19, while FII and MF ownerships stood at 9.75 per cent and 3.05 per cent, respectively.
Key Financials With a market capitalisation of Rs 111677.12 crore, the company operates in the Power — Integrated industry.
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 16029.54 crore, up 3.52 per cent from the previous quarter?s Rs 15484.71 crore and up 13.03 per cent from the same quarter a year ago. The company reported net profit of Rs 875.53 crore for the latest quarter, up 6.89 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 64.85.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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,
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