Tata Power Company’s shares went up by 0.35%, reaching Rs 393.80 during trading on Thursday at 1:13 PM IST. The highest price for the day was Rs 394.00, while the lowest was Rs 387.50. The company’s return on equity (ROE) is 11.42%, showing it’s making good profits from its investments.
At that time, about Rs 16.14 crore worth of Tata Power shares were traded, with a total of several shares changing hands. Over the past year, the stock hit a high of Rs 494.85 and a low of Rs 319.80. It has a Beta value of 1.7336, meaning it tends to be more volatile compared to the average stock market.
Promotion and Investor Holding
As of September 30, 2024, promoters own 46.86% of Tata Power, foreign investors (FIIs) hold 9.17%, and local institutional investors have 9.13%.
Financial Performance
For the quarter ending September 30, 2024, Tata Power reported sales of Rs 16,210.80 crore, which is a slight decrease from the previous quarter’s Rs 17,540.98 crore but a small increase from Rs 16,029.54 crore a year ago. After taxes, the company made Rs 926.53 crore, which is 5.83% more than last year.
Technical Analysis
Currently, the MACD shows a bearish trend, suggesting that the stock may drop in price. The MACD helps to signal price trends by comparing two moving averages over different time periods. When it falls below its signal line, it indicates that the stock might see downward movement.
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