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 835,256 shares changed hands on the counter till 11:52AM (IST).

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
Shares of . slipped 1.21 per cent to Rs 228.4 in Thursday's trade as of 11:52AM (IST).

The stock hit a high price of Rs 233.6 and low of Rs 227.75 during the session.

The return on equity (ROE) for the stock stood at 7.75 per cent. Traded volume on the counter stood at 11:52AM shares and turnover at Rs 19.24 crore around that time.

The stock of Tata Power Company Ltd. quoted a 52-week high and 52-week low prices of Rs 298.0 and Rs 136.4, 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 30-Jun-2022, while foreign investors held 10.1 per cent and domestic institutional investors had 14.69 per cent.

Key Financials
The company reported consolidated sales of Rs 14638.78 crore for the quarter ended 30-Jun-2022, up 19.8 per cent from previous quarter's Rs 12219.36 crore and up 44.28 per cent from the year-ago quarter's Rs 10145.89 crore.

Net profit after tax for the latest quarter stood at Rs 794.6 crore, up 103.21 per cent from the same quarter a year ago.

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