Tata Power Company rose 4.17% to Rs 79.85 at 14:35 IST on BSE after consolidated net profit jumped 68.3% to Rs 220.87 crore on 3.08% rise in total income to Rs 6999.90 crore in Q1 June 2017 over Q1 June 2016.
The result was announced during market hours today, 14 August 2017.Meanwhile, the S&P BSE Sensex was up 298.08 points, or 0.93% to 31,504.84.
More than usual volumes were witnessed on the counter. On the BSE, 4.74 lakh shares were traded in the counter so far, compared with average daily volumes of 2.66 lakh shares in the past one quarter. The stock had hit a high of Rs 81.15 and a low of Rs 76.50 so far during the day. The stock had hit a 52-week high of Rs 91.25 on 3 April 2017. The stock had hit a 52-week low of Rs 67.10 on 9 November 2016.
The stock had fallen 7.2% in six sessions to settle at Rs 76.65 on 11 August 2017, from a close of Rs 82.60 on 3 August 2017.
The stock had underperformed the market over the past one month till 11 August 2017, falling 7.65% compared with the Sensex's 1.68% decline. The stock had also underperformed the market over the past one quarter, declining 7.03% as against the Sensex's 3.18% rise. The scrip had also underperformed the market over the past one year, gaining 2.96% as against the Sensex's 12.04% rise.
The large-cap company has equity capital of Rs 270.48 crore. Face value per share is Re 1.
Tata Power is India's largest integrated power company with a significant international presence. The company has 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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