Tata Power Share Price: Tata Power shares gain 0.22% as Sensex falls

Shares of Company Ltd. traded 0.22 per cent higher in Wednesday’s session at 02:01PM (IST). The stock opened at Rs 230.2 and has touched an intraday high and low of Rs 231.0 and Rs 226.3, respectively, during the session so far.

The stock quoted a 52-week high of Rs 269.7 and a 52-week low of 52.35. About 3,222,863 shares changed hands on the counter so far.

Benchmark Nifty50 was up 5.15 points at 17894.10, while the BSE Sensex traded 9.3 points lower at 60019.76 at the time of writing of this report.



In the Nifty pack, 23 stocks traded the day in the green, while 26 were in the red.

Key Financials

For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 10187.33 crore, up 0.41 per cent from the previous quarter’s Rs 10145.89 crore and up 20.68 per cent from the year-ago quarter. The company reported net profit of Rs 421.51 crore for the latest quarter.


Promoter Holdings

Promoters held 46.86 per cent stake in the company as of 30-Sep-2021, while FIIs held 11.06 per cent and MFs 8.3 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 122.98 on November 03, while the 50-DMA was at Rs 169.46. 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.

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