Shares of Tata Power Company Ltd. slipped 2.35 per cent to Rs 216.25 in Monday’s trade as of 12:43PM (IST). It hit a high of Rs 219.6 and low of Rs 212.25 during the session.
The stock quoted a 52-week high price of Rs 269.7 and a low of Rs 89.95. The return on equity for the stock stood at 5.41 per cent. About 2,631,102 shares have changed hands on the counter so far.
The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.73.
The scrip has been an outperformer, up 101.54 per cent in the past one year in comparison with a 8.15 per cent gain in Sensex.
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 89.95 on March 07, while the 50-DMA was at Rs 232.21. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 46.86 per cent stake in Tata Power Company Ltd. as of 31-Dec-2021. Mutual funds and foreign institutional investors held 4.48 per cent and 10.84 per cent stake.
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