| The counter on back of huge volumes of 25.02 lakh shares witnessed selling pressure as soon as the results were announced in the latter part of the trading session. |
| The stock from an intra-day high of Rs 314.35 crashed to Rs 290.10, before closing at Rs 292.85. Tata Power for the quarter ended March 31, registered a 64.9 per cent fall in net profit at Rs 54.35 crore as against Rs 155.27 crore in the same quarter last year. |
| Analysts said, alongwith disappointing results, concern over delay in power sector reforms has pulled the stock down in today's trading. |
| Tata Power on a consolidated basis for full year ended March 31, registered a net profit jump of 29 per cent to Rs 503.08 crore from Rs 389.82 crore in FY03. Consolidated total income rose 4.5 per cent to Rs 5,185.13 crore from Rs 4,960.97 crore. |
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