Tata Power share price down 0.64 per cent

Shares of Tata Power Company Ltd. traded 0.64 per cent up at Rs 224.35 at around 10:51AM (IST) on Monday. The stock had closed at Rs 225.8 in the previous session. Equity benchmark Sensex traded 259.4 points lower at 57573.57 around the same time.


The scrip has climbed 146.24 per cent in the last one year till date, while the 30-share index has gained 10.47 per cent during the same period.

The stock's 52-week high price stood at Rs 269.7 and the 52-week low price at Rs 89.0.

Trading volume on the counter stood at 1,309,262 shares, while it quoted a price-to-earnings ratio of 44.03, an EPS value of 5.11 and a price-to-book value of 1.58. In the Nifty50 pack, 9 stocks traded in the green, while 41 stocks were in the red.

Promoter/FII Holding
Promoters held 46.86 per cent stake in the company as of 31-Dec-2021, while foreign institutional investors and MF ownership stood at 10.84 per cent and 4.48 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 11018.73 crore, up 8.16 per cent from the previous quarter's Rs 10187.33 crore and up 43.05 per cent from the year-ago quarter's Rs 7702.84 crore. The company reported net profit of Rs 425.81 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.