Meanwhile, the S&P BSE Sensex was up 39.97 points or 0.21% at 19,435.78.
On BSE, 49,000 shares were traded in the counter as against average daily volume of 2.80 lakh shares in the past one quarter.
The stock hit a high of Rs 89.20 and a low of Rs 88.05 so far during the day. The stock had hit a 52-week high of Rs 113.20 on 5 December 2012. The stock had hit a 52-week low of Rs 77.25 on 13 June 2013.
The stock had underperformed the market over the past one month till 28 June 2013, sliding 5.39% compared with the Sensex's 3.79% fall. The scrip had also underperformed the market in past one quarter, declining 10.74% as against Sensex's 2.97% rise.
The large-cap power generation company has equity capital of Rs 237.31 crore. Face value per share is Re 1.
The Maharashtra Electricity Regulatory Commission (MERC), the electricity regulatory commission in Maharashtra, on Friday, 28 June 2013, approved 25% increase in average tariff for Tata Power's residential consumers for the year ending 31 March 2014 (FY 2014), which will be effective from 1 July 2013. MERC has approved the multi-year tariff plan till 2016 of Tata Power and allowed an increase of 25% for FY 2014, 15% for FY 2015 and 11% for FY 2016 for residential consumers.
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For commercial and industrial consumers, the tariff hike would range from 22% to 39% in the current financial year, 9% to 13% in FY 2015, and 4% to 8% in FY 2016.
Tata Power Company reported consolidated net profit of Rs 181.36 crore in Q4 March 2013, as against net loss of Rs 628.75 crore in Q4 March 2012. Net sales rose 25.5% to Rs 8997.31 crore in Q4 March 2013 over Q4 March 2012.
Tata Power Company is India's largest integrated power company with a significant international presence. The company has an installed generation capacity of 8,521 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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