Tata Power declines 0.08% as Sensex slides

Shares of . traded at Rs 241.25 on BSE at 12:18PM (IST) on Thursday, down 0.08 per cent from previous close.

The scrip quoted a 52-week low price of Rs 131.2 and a high of Rs 298.0.

Earlier, shares of the company saw a gap up opening in the morning.

Smart Talk

A total of 473,862 lakh shares changed hands on the counter till 12:18PM (IST).

The stock of Tata Power Company Ltd. commanded a market value of Rs 77007.68 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 35.9, while the price-to-book value ratio stood at 3.4. Return on equity (ROE) was at 7.75 per cent, according to exchange data.

In the BSE500 pack, 204 stocks traded in the green, while 297 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 1.73.

Promotor/FII Holding

Promoters held 46.86 per cent in Tata Power Company Ltd. as of 30-Jun-2022 while overseas and domestic institutional investors owned 10.1 per cent and 3.83 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 231.75 on September 15, while the 50-DMA was at 230.5. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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