The return on equity (ROE) for the stock stood at 11.58 per cent. Traded volume on the counter stood at 11:46AM shares and turnover at Rs 9.86 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 276.5 and 52-week low prices of Rs 182.45, respectively.
The stock’s Beta value, 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 30-Jun-2023, while FIIs held 10.01 per cent and domestic institutional investors had 3.97 per cent.
Key Financials
The company reported consolidated sales of Rs 15484.71 crore for the quarter ended 30-Jun-2023, up 16.21 per cent from previous quarter’s Rs 13325.3 crore and up 5.78 per cent from the year-ago quarter’s Rs 14638.78 crore. Net profit after tax for the latest quarter stood at Rs 972.49 crore, up 22.39 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price