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Tata Power Company Ltd sees continued downside

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Capital Market

Tata Power Company Ltd is quoting at Rs 51, down 1.45% on the day as on 13:24 IST on the NSE. The stock tumbled 22.61% in last one year as compared to a 12.37% rally in NIFTY and a 1.66% spurt in the Nifty Energy index.

Tata Power Company Ltd is down for a fifth straight session today. The stock is quoting at Rs 51, down 1.45% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.08% on the day, quoting at 11916.3. The Sensex is at 40628.15, down 1.04%.Tata Power Company Ltd has lost around 15.35% in last one month.Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has eased around 7.6% in last one month and is currently quoting at 14816.45, down 1.12% on the day. The volume in the stock stood at 34.09 lakh shares today, compared to the daily average of 65.16 lakh shares in last one month.

 

The benchmark February futures contract for the stock is quoting at Rs 50.9, down 1.74% on the day. Tata Power Company Ltd tumbled 22.61% in last one year as compared to a 12.37% rally in NIFTY and a 1.66% spurt in the Nifty Energy index.

The PE of the stock is 23.61 based on TTM earnings ending December 19.

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First Published: Feb 18 2020 | 1:35 PM IST

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