Tata Power stock price: Share price of Tata Power falls as Nifty weakens

Shares of Firm Ltd. slipped 0.29 per cent to Rs 104.6 in Friday’s commerce as of 11:29AM (IST). The inventory hit a excessive worth of Rs 106.15 and low of Rs 104.2 throughout the session.

The return on fairness (ROE) for the inventory stood at 5.63 per cent. Traded quantity on the counter stood at 11:29AM shares and turnover at Rs 9.91 crore round that point. The inventory of Tata Energy Firm Ltd. quoted a 52-week excessive worth of Rs 114.95 and 52-week low costs of Rs 27.0, respectively.

The inventory’s Beta worth, which measures its volatility in relation to the broader market, stood at 1.73.

Promotor/FII Holding

Promoters held 46.86 per cent stake within the firm as of 31-Dec-2020, whereas FIIs held 12.44 per cent and home institutional traders had 11.36 per cent.

Key Financials

The corporate reported consolidated gross sales of Rs 7702.84 crore for the quarter ended 31-Dec-2020, down 8.75 per cent from earlier quarter’s Rs 8441.6 crore and down 7.94 per cent from the year-ago quarter’s Rs 7136.04 crore. Web revenue after tax for the newest quarter stood at Rs 248.21 crore, up 38.77 per cent from the identical quarter a 12 months in the past.

The MACD signalled a bearish bias on the counter. The MACD is understood for signalling development reversals in traded securities or indices.

It’s the distinction between the 26-day and 12-day exponential transferring averages. A nine-day exponential transferring common, known as the sign line, is plotted on topof the MACD to replicate “purchase” or “promote” alternatives. When the MACD crosses beneath the sign line, it offers a bearish sign, indicating that the value of the safety may even see a downward motion and vice versa.

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