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Tata Power Company Ltd stays under pressure

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Capital Market
Last Updated : Sep 09 2020 | 2:31 PM IST

Tata Power Company Ltd is quoting at Rs 53.7, down 2.72% on the day as on 13:29 IST on the NSE. The stock tumbled 12.25% in last one year as compared to a 1.77% rally in NIFTY and a 4.33% spurt in the Nifty Energy index.

Tata Power Company Ltd is down for a fifth straight session today. The stock is quoting at Rs 53.7, down 2.72% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is down around 0.76% on the day, quoting at 11231.25. The Sensex is at 38089.93, down 0.72%.Tata Power Company Ltd has added around 4.37% in last one month.Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has eased around 1.93% in last one month and is currently quoting at 15336.45, down 0.78% on the day. The volume in the stock stood at 223.08 lakh shares today, compared to the daily average of 413.27 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 53.9, down 2.71% on the day. Tata Power Company Ltd tumbled 12.25% in last one year as compared to a 1.77% rally in NIFTY and a 4.33% spurt in the Nifty Energy index.

The PE of the stock is 0 based on TTM earnings ending June 20.

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First Published: Sep 09 2020 | 1:36 PM IST

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