Tata Power Share Price: Tata Power share price up 2.94 per cent

Shares of Company Ltd. traded 2.94 per cent up at Rs 127.8 at around 10:50AM (IST) on Monday. The stock had closed at Rs 124.15 in the previous session. Equity benchmark Sensex traded 360.54 points lower at 52779.52 around the same time.

The scrip has climbed 159.13 per cent in the last one year till date, while the 30-share index has gained 43.9 per cent during the same period.

The stock’s 52-week high price stood at Rs 132.5 and the 52-week low price at Rs 47.25.

Trading volume on the counter stood at 2,697,651 shares, while it quoted a price-to-earnings ratio of 36.31, an EPS value of 3.53 and a price-to-book value of 1.58. In the Nifty50 pack, 20 stocks traded in the green, while 30 stocks were in the red.

Promoter/FII Holding
Promoters held 46.86 per cent stake in the company as of 31-Mar-2021, while overseas investor and MF ownership stood at 12.17 per cent and 8.83 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 10222.48 crore, up 32.71 per cent from the previous quarter’s Rs 7702.84 crore and up 50.46 per cent from the year-ago quarter’s Rs 6793.95 crore. The company reported net profit of Rs 392.94 crore for the latest quarter.

Technical Indicators

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 top of 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.

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