Tata Power rose 1.55% to Rs 68.65 at 13:12 IST on BSE after the company reported a consolidated net profit of Rs 247.31 crore in Q2 September 2015, compared with net loss of Rs 77.75 crore in Q2 September 2014.
The result was announced during trading hours today, 9 November 2015.
Meanwhile, the BSE Sensex was down 306.79 points, or 1.17%, to 25,958.45.
On BSE, so far 6.63 lakh shares were traded in the counter, compared with an average volume of 4.08 lakh shares in the past one quarter.
The stock hit a high of Rs 69.60 and a low of Rs 66.05 so far during the day. The stock hit a 52-week high of Rs 94.10 on 12 November 2014. The stock hit a 52-week low of Rs 55.55 on 7 September 2015.
The stock had outperformed the market over the past one month till 6 November 2015, falling 2.03% compared with 2.48% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 3.08% as against Sensex's 7.18% decline.
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The large-cap company has an equity capital of Rs 270.46 crore. Face value per share is Re 1.
Tata Power's total income rose 11.80% to Rs 9557.76 crore in Q2 September 2015 over Q2 September 2014.
The board of Tata Power approved the re-appointment of Mr. Anil Sardana as CEO & Managing Director of the company for a period of 5 years with effect from 1 February 2016, subject to approval of the shareholders of the company. The announcement was made during trading hours today, 9 November 2015.
Tata Power is India's largest integrated power company with a significant international presence. The company has an installed generation capacity of 8669 megawatts (MW) in India and a presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission, distribution and trading.
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