Share price of Tata Power falls as Nifty weakens

Share price of Tata Power falls as Nifty weakens
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Synopsis

A total of 2,135,499 shares changed hands on the counter till 12:12PM (IST).

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Shares of Company Ltd. slipped 2.41 per cent to Rs 233.1 in Thursday's trade as of 12:12PM (IST).

The stock hit a high price of Rs 237.0 and low of Rs 232.65 during the session.

The return on equity (ROE) for the stock stood at 5.41 per cent. Traded volume on the counter stood at 12:12PM shares and turnover at Rs 50.15 crore around that time.

The stock of Tata Power Company Ltd. quoted a 52-week high and 52-week low prices of Rs 269.7 and Rs 74.5, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.73.

Promotor/FII Holding
Promoters held 46.86 per cent stake in the company as of 31-Dec-2021, while foreign investors held 10.84 per cent and domestic institutional investors had 15.57 per cent.

Key Financials
The company reported consolidated sales of Rs 10187.33 crore for the quarter ended 30-Sep-2021, up 0.41 per cent from previous quarter's Rs 10145.89 crore and up 20.68 per cent from the year-ago quarter's Rs 8441.6 crore.

Net profit after tax for the latest quarter stood at Rs 421.51 crore, up 50.75 per cent from the same quarter a year ago.

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