The return on equity (ROE) for the stock stood at 5.41 per cent. Traded volume on the counter stood at 10:25AM shares and turnover at Rs 302.59 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 269.7 and 52-week low prices of Rs 51.65, 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-2021, while overseas investors held 11.26 per cent and domestic institutional investors had 8.47 per cent.
Key Financials
The company reported consolidated sales of Rs 10145.89 crore for the quarter ended 30-Jun-2021, down 0.75 per cent from previous quarter’s Rs 10222.48 crore and down 55.13 per cent from the year-ago quarter’s Rs 6540.42 crore. Net profit after tax for the latest quarter stood at Rs 391.03 crore, up 89.25 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish 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.
