Tata Power shares fall 1.76 per cent in Tuesday's trading session
The Relative Strength Index of the stock stood at 50.96 on Tuesday.
Shares of fell 1.76 per cent to Rs 385.9 in Tuesday's trade as of 12:59PM (IST) even as the benchmark ruled at 21858.1, down 197.61 points.The scrip had closed at Rs 392.85 in the previous session. The stock quoted a 52-week low of Rs 182.45 and a high of Rs 433.2. The company quoted a market-cap of Rs 123164.36 crore on the .
On BSE, 936,871 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 34.42 times its trailing 12-month EPS of Rs 11.2 per share and 2.11 times its book value. The return on equity (ROE) stood at Rs 11.58.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 15294.13 crore, down 6.19 per cent from the same quarter a year ago. The company reported 0.85 per cent YoY growth in net profit at Rs 953.01 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
