Tata Power Share Price: Tata Power declines 1.24% as Sensex slides

Shares of Company Ltd. traded at Rs 131.1 on BSE at 02:02PM (IST) on Monday, down 1.24 per cent from previous close.

The scrip quoted a 52-week low price of Rs 50.0 and a high of Rs 137.9.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 1,202,310 lakh shares changed hands on the counter till 02:02PM (IST).

The stock of Tata Power Company Ltd. commanded a market value of Rs 41842.97 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 31.9, while the price-to-book value ratio stood at 1.58. Return on equity (ROE) was at 5.41 per cent, according to exchange data.

In the BSE500 pack, 282 stocks traded in the green, while 218 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 1.73.

Promotor/FII Holding

Promoters held 46.86 per cent in Tata Power Company Ltd. as of 30-Jun-2021 while foreign and domestic institutional investors owned 11.26 per cent and 8.47 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 102.88 on September 13, while the 50-DMA was at 127.66. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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