Tata Power Company rose 1.7% to Rs 71.90 at 9:22 IST on BSE after consolidated net profit rose 126% to Rs 360 crore on 17% growth in revenue to Rs 9626 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 23 May 2016.Meanwhile, the S&P BSE Sensex was down 29.33 points or 0.12% at 25,201.03.
On BSE, so far 1.76 lakh shares were traded in the counter as against average daily volume of 2.88 lakh shares in the past two weeks. The stock hit a high of Rs 72.70 and a low of Rs 71.55 so far during the day. The stock had hit a 52-week high of Rs 76.95 on 2 June 2015. The stock had hit a 52-week low of Rs 55 on 12 February 2016.
The large-cap company has equity capital of Rs 270.46 crore. Face value per share is Rs 1.
Tata Power said that the company aims to increase the share of non-fossil fuel based power generation output to 30-40% by 2025, up from its earlier target of 20%.
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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