Shares of Tata Power rise as Nifty gains

Shares of Tata Power rise as Nifty gains
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 85.64.

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As long as Nifty does not close above 11,720, it can slip towards 11,600.
Shares of Company Ltd. gained 3.72 per cent to Rs 125.45 in Monday's trade as of 10:15AM (IST). It hit a high of Rs 125.7 and low of Rs 121.8 during the session.

The stock quoted a 52-week high price of Rs 132.5 and a low of Rs 46.0. The return on equity for the stock stood at 5.41 per cent. About 2,454,535 shares have changed hands on the counter so far.

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

Did you Know?

Stock score of Tata Power Company Ltd moved down by 3 in 6 months on a 10-point scale.

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The scrip has been an outperformer, up 150.85 per cent in the past one year in comparison with a 49.09 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 46.0 on July 05, while the 50-DMA was at Rs 111.58. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 46.86 per cent stake in Tata Power Company Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 8.83 per cent and 12.17 per cent stake.

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