Tata Power Company shares went up by 0.33% to Rs 413.65 during Thursday’s trading, even as the Sensex index (a measure of stock market performance) fell by 828 points to stand at 79,354.12 at 12:12 PM (IST). The stock opened low but bounced back slightly during the session, trading between Rs 413.85 (the highest point) and Rs 406.40 (the lowest).
In the past year, Tata Power’s stock reached a high of Rs 494.85 and a low of Rs 312.60. So far in the day, about 375,488 shares were traded.
The company’s earnings were reported as follows:
– Price-to-Earnings (PE) ratio: 35.26
– Earnings per Share (EPS): Rs 11.72
– Price-to-Book (PB) ratio: 3.89
– Return on Equity (ROE): 11.42
As of December 19, the company’s owners (promoters) held 46.86% of the shares, while Foreign Institutional Investors (FIIs) and Mutual Funds (MFs) owned 9.15% and 9.13%, respectively.
Tata Power is valued at around Rs 132,079.36 crores and works in the Power – Integrated sector. For the quarter ending September 30, 2024, the company reported sales of Rs 16,210.80 crore, which is a 7.58% drop from the last quarter and a 1.13% increase from a year ago. The net profit for the latest quarter was Rs 926.53 crore, up by 5.83% compared to the same period last year.
As for stock performance, the Relative Strength Index (RSI), which helps show whether a stock is overbought or oversold, is currently at 39.65. An RSI above 70 indicates the stock may be too high in price, while below 30 suggests it’s too low. However, analysts warn that this number should not be used alone to make trading decisions. It’s important to look at various factors before deciding to buy or sell.
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