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Share price of Tata Power Company Ltd. falls as Nifty strengthens

A total of 1,383,260 shares changed hands on the counter till 01:56PM (IST).

ETMarkets.com|
Last Updated: May 29, 2020, 01.56 PM IST
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Shares of Tata Power Company Ltd. slipped 0.14 per cent to Rs 36.85 in Friday's trade as of 01:56PM (IST).

The stock hit a high price of Rs 37.15 and low of Rs 35.65 during the session.

The return on equity (ROE) for the stock stood at 5.19 per cent. Traded volume on the counter stood at 01:56PM shares and turnover at Rs 5.01 crore around that time.

The stock of Tata Power Company Ltd. quoted a 52-week high and 52-week low prices of Rs 74.05 and Rs 27.0, 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 37.22 per cent stake in the company as of 31-Mar-2020, while FIIs held 18.62 per cent and domestic institutional investors had 13.2 per cent.

Key Financials
The company reported consolidated sales of Rs 6620.8 crore for the quarter ended 31-Mar-2020, down 6.37 per cent from previous quarter's Rs 7071.03 crore and down 8.43 per cent from the year-ago quarter's Rs 7230.24 crore.

Net profit after tax for the latest quarter stood at Rs 402.59 crore, up 599.18 per cent from the same quarter a year ago.
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