Tata Power stock price up 0.81 per cent as Sensex slides
Tata Power Company Ltd. rose 0.81 per cent to Rs 440.8 at 10:35AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 208,404 shares with a turnover of Rs 9.18 crore till 10:35AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 38.14, while the price-to-book value ratio stood at 3.89.
Return on equity (ROE) was at 11.42 per cent, according to exchange data. The stock hit an intraday high of Rs 444.5 and a low of Rs 436.3 during the session and quoted a 52-week high price of Rs 464.3 and a 52-week low of Rs 216.95.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.73.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 360.93 on July 11, while the 50-DMA was at Rs 437.75. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 52.56. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 46.86 per cent stake in the company, while FIIs held 9.44 per cent and domestic institutional
