Share price of Tata Power rises as Nifty weakens

Shares of Tata Power Company Ltd. gained 0.59 per cent to Rs 205.6 in Thursday's trade as of 11:59AM (IST).

The stock hit a high price of Rs 206.15 and low of Rs 203.7 during the session.

The return on equity (ROE) for the stock stood at 7.75 per cent. Traded volume on the counter stood at 11:59AM shares and turnover at Rs 8.77 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 190.0, 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-2022, while overseas investors held 9.63 per cent and domestic institutional investors had 14.26 per cent.

Key Financials
The company reported consolidated sales of Rs 14401.95 crore for the quarter ended 31-Dec-2022, up 1.56 per cent from previous quarter's Rs 14181.07 crore and up 30.7 per cent from the year-ago quarter's Rs 11018.73 crore.

Net profit after tax for the latest quarter stood at Rs 945.02 crore, up 121.93 per cent from the same quarter a year ago.