Tata Power Share Price: Tata Power shares gain 0.49% as Sensex rises

Shares of Company Ltd. traded 0.49 per cent higher in Thursday’s session at 10:46AM (IST). The stock opened at Rs 102.9 and has touched an intraday high and low of Rs 104.6 and Rs 102.05, respectively, during the session so far.

The stock quoted a 52-week high of Rs 114.95 and a 52-week low of 27.0. About 1,125,972 shares changed hands on the counter so far.

Benchmark Nifty50 was up 28.25 points at 14646.10, while the BSE Sensex traded 39.65 points higher at 48717.2 at the time of writing of this report.

In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 7702.84 crore, down 8.75 per cent from the previous quarter’s Rs 8441.6 crore and down 7.94 per cent from the year-ago quarter. The company reported net profit of Rs 248.21 crore for the latest quarter.


Promoter Holdings

Promoters held 46.86 per cent stake in the company as of 31-Mar-2021, while FIIs held 12.17 per cent and MFs 8.83 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 73.42 on May 06, while the 50-DMA was at Rs 100.8. 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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