Tata Power Company lost 4.14% to Rs 74.05 at 14:07 IST on BSE after consolidated net profit fell 76.09% to Rs 72.49 crore on 6.42% decline in total income to Rs 6790.58 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during trading hours today, 23 August 2016.Meanwhile, the S&P BSE Sensex was down 94.52 points, or 0.34%, to 27,891.02
On BSE, so far 16.29 lakh shares were traded in the counter, compared with average daily volume of 4.67 lakh shares in the past one quarter. The stock hit a high of Rs 78.30 and a low of Rs 73.80 so far during the day. The stock had hit 52-week high of Rs 79.20 yesterday, 22 August 2016. The stock had hit 52-week low of Rs 55 on 12 February 2016. The stock had outperformed the market over the past 30 days till 22 August 2016, gaining 7.22% compared with 0.66% rise in the Sensex. The scrip also outperformed the market in past one quarter, advancing 7.74% as against Sensex's 10.59% rise.
The large-cap company has equity capital of Rs 270.46 crore. Face value per share is Re 1.
Tata Power is India's largest integrated power company with a growing international presence. The company has presence in all the segments of the power sector viz. fuel security and logistics, generation (thermal, hydro, solar and wind), transmission, distribution and trading.
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