Tata Power surges 9% on heavy volumes; stock zooms 40% in two weeks

Tata Power is India's largest, integrated power company and operates across the power value chain

Shares of Tata Power Company hit a new high of Rs 193.7 as they surged 9 per cent on the BSE in intra-day trade on Monday, on the back of heavy volumes, amid expectations of strong earnings growth. At 01:56 pm, the stock was trading 8 per cent higher at Rs 191.15, as compared to a 0.52 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped 1.5 times, with a combined 117 million equity shares having changed hands on the NSE and BSE so far.

In the past 10 trading days or two weeks, the