Tata Power shares gain 0.54% as Sensex falls
The stock quoted a 52-week high of Rs 464.3 and a 52-week low of Rs 216.95.
Shares of traded 0.54 per cent higher in Friday's session at 01:08PM (IST). The stock opened at Rs 436.5 and has touched an intraday high and low of Rs 440.15 and Rs 433.95, respectively, during the session so far.The stock quoted a 52-week high of Rs 464.3 and a 52-week low of 216.95. About 716,252 shares changed hands on the counter so far.
Benchmark Nifty50 was down 24.61 points at 24277.55, while the BSE traded 225.74 points lower at 79823.93 at the time of writing of this report.
In the pack, 35 stocks traded the day in the green, while 15 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 16463.94 crore, up 7.65 per cent from the previous quarter's Rs 15294.13 crore and up 23.55 per cent from the year-ago quarter. The company reported net profit of Rs 895.21 crore for the latest quarter.
Promoter Holdings
Promoters held 46.86 per cent stake in the company as of 31-Mar-2024, while FIIs held 9.44 per cent and MFs 5.59 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 357.45 on July 05, while the 50-DMA was at Rs 438.04. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
