The return on equity (ROE) for the stock stood at 5.63 per cent. Traded volume on the counter stood at 11:29AM shares and turnover at Rs 9.91 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 114.95 and 52-week low prices of Rs 27.0, 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 31-Dec-2020, while FIIs held 12.44 per cent and domestic institutional investors had 11.36 per cent.
Key Financials
The company reported consolidated sales of Rs 7702.84 crore for the quarter ended 31-Dec-2020, down 8.75 per cent from previous quarter’s Rs 8441.6 crore and down 7.94 per cent from the year-ago quarter’s Rs 7136.04 crore. Net profit after tax for the latest quarter stood at Rs 248.21 crore, up 38.77 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.
