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    Tata Power shares fall 0.87 per cent in Thursday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 56.97 on Thursday.

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    Nifty on Wednesday halted a falling spree and formed a bullish candle on the daily chart.
    Shares of Company Ltd. fell 0.87 per cent to Rs 119.75 in Thursday's trade as of 01:35PM (IST) even as the benchmark Nifty ruled at 15785.45, up 98.5 points.

    The scrip had closed at Rs 120.8 in the previous session. The stock quoted a 52-week low of Rs 42.8 and a high of Rs 132.5. The company quoted a market-cap of Rs 38312.12 crore on the BSE.

    On BSE, 1,842,862 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 33.98 times its trailing 12-month EPS of Rs 3.53 per share and 0.49 times its book value. The return on equity (ROE) stood at Rs 5.05.

    Did you Know?

    Stock score of Tata Power Company Ltd moved up by 1 in 3 months on a 10-point scale.

    View Latest Stock Report »

    Key Financials
    For the quarter ended 31-Mar-2021, Tata Power Company Ltd. reported consolidated sales of Rs 10222.48 crore, up 50.46 per cent from the same quarter a year ago. The company reported 2.4 per cent YoY de-growth in net profit at Rs 392.94 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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