Tata Power Company Ltd. shares went up by 1.37% and were priced at Rs 351.40 around 11:21 AM on Monday. In the last trading day, the stock closed at Rs 356.30. The stock market index, called Sensex, was up by 445.42 points, reaching 76,933.49 at that time. Tata Power shares have gained about 3.72% over the past year, while Sensex increased by 7.82% in the same period.
The highest price for Tata Power in the last year was Rs 494.85, and the lowest was Rs 335.30. Today, 206,138 shares were traded. The company has a price-to-earnings ratio of 29.91, earnings per share (EPS) of 11.72, and a price-to-book value of 3.89.
In the Nifty50 group, 6 stocks are doing well, while 44 are not. As of September 30, 2024, the company’s owners held 46.86% of the shares. Foreign institutional investors (FIIs) and mutual funds (MFs) own 9.15% and 9.13%, respectively.
For the quarter ending on September 30, 2024, Tata Power reported sales of Rs 16,210.80 crore. This is a drop of 7.58% from the previous quarter, but a slight increase of 1.13% from the same quarter last year. The company made a profit of Rs 926.53 crore during this period.
Currently, the MACD indicator shows a bearish trend, suggesting that the stock prices might drop. The MACD helps traders know when to buy or sell stocks. If it drops below a certain line, it’s a sign to sell.
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