Share price of Tata Power falls as Nifty weakens
A total of 421,057 shares changed hands on the counter till 11:05AM (IST).
Shares of slipped 0.51 per cent to Rs 434.65 in Wednesday's trade as of 11:05AM (IST).The stock hit a high price of Rs 439.5 and low of Rs 432.55 during the session.
The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 11:05AM shares and turnover at Rs 18.37 crore around that time.
The stock of quoted a 52-week high and 52-week low prices of Rs 464.3 and Rs 211.75, 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-Mar-2024, while FIIs held 9.44 per cent and domestic institutional investors had 15.41 per cent.
Key Financials
The company reported consolidated sales of Rs 16463.94 crore for the quarter ended 31-Mar-2024, up 7.65 per cent from previous quarter's Rs 15294.13 crore and up 23.55 per cent from the year-ago quarter's Rs 13325.3 crore.
Net profit after tax for the latest quarter stood at Rs 895.21 crore, up 15.11 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
