Shares of Tata Power Company Ltd. fell by 1.93% to Rs 360.00 during trading on Friday around 1:33 PM IST. This comes while the popular Nifty index is at 23507.2, up by 19.3 points. In the previous session, Tata Power’s shares closed at Rs 367.10.
The stock has seen a low of Rs 335.30 and a high of Rs 494.85 in the last year. Currently, Tata Power has a market value of Rs 115,160.04 crore on the BSE. So far, about 329,550 shares have changed hands today.
At this price, its stock is trading at 30.74 times its earnings of Rs 11.72 per share and 3.89 times its book value. The company’s return on equity (ROE) is Rs 11.42.
Recent Financial Performance
For the quarter ending September 30, 2024, Tata Power reported total sales of Rs 16,210.80 crore, which is a 1.13% rise compared to the same period last year. The net profit also increased by 5.83% year-on-year to Rs 926.53 crore for the latest quarter.
Technical Indicators
The Relative Strength Index (RSI) is a tool used to understand whether a stock is overbought or oversold. An RSI above 70 can mean the stock is overbought (too expensive), while an RSI below 30 may indicate it’s oversold (too cheap). Analysts advise using RSI with other tools and not as the only reason to buy or sell a stock.
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