Share price of Tata Power rises as Nifty weakens

Shares of Tata Power Company Ltd. gained 2.82 per cent to Rs 444.05 in Friday's trade as of 10:05AM (IST).

The stock hit a high price of Rs 444.1 and low of Rs 429.2 during the session.

The return on equity (ROE) for the stock stood at 11.58 per cent. Traded volume on the counter stood at 10:05AM shares and turnover at Rs 26.23 crore around that time.

The stock of Tata Power Company Ltd. quoted a 52-week high and 52-week low prices of Rs 444.1 and Rs 193.05, respectively.

The Beta value of the counter, 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-2023, while FIIs held 9.85 per cent and domestic institutional investors had 16.08 per cent.

Key Financials

The company reported consolidated sales of Rs 15294.13 crore for the quarter ended 31-Dec-2023, down 4.59 per cent from previous quarter's Rs 16029.54 crore and down 6.19 per cent from the year-ago quarter's Rs 14401.95 crore.

Net profit after tax for the latest quarter stood at Rs 953.01 crore, up 0.85 per cent from the same quarter a year ago.