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    Tata Power shares drop 0.31% as Sensex rises

    Synopsis

    A total of 406,909 shares changed hands on the counter till 01:22PM (IST)

    Stock-market-4---istockAgencies
    Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
    Shares of the Tata Power Company Ltd. traded at Rs 193.35 on BSE at 01:22PM (IST) on Wednesday, down 0.31 per cent. The stock quoted a 52-week low price of Rs 182.45 and a high of Rs 298.0.

    Earlier in the day, the stock saw a gap up opening.

    At the prevailing price, the stock traded at 20.24 times its trailing 12-month EPS of Rs 9.58 per share and 3.4 times its book value, as per BSE data.

    A total of 406,909 shares changed hands on the counter till 01:22PM (IST). The stock commands a market value of Rs 61973.61 crore and is part of the Power - Integrated industry.

    The scrip has been an underperformer , down 23.26 per cent in the past one year in comparison with a 1.66 per cent fall in Sensex.

    During the day, the stock moved between Rs 194.9 and Rs 192.45.

    Promoter/FII Holding
    Promoters held 46.86 per cent in the company as of 31-Dec-2022. FII and MF ownership in Tata Power Company Ltd. stood at 9.64 per cent and 4.04 per cent, respectively.
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