Tata Power rises 0.41% as Sensex slides

Shares of Tata Power Company Ltd. traded at Rs 233.55 on BSE at 10:25AM (IST) on Wednesday, up 0.41 per cent from previous close.

The scrip quoted a 52-week low price of Rs 121.75 and a high of Rs 298.0.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 640,029 lakh shares changed hands on the counter till 10:25AM (IST).

The stock of Tata Power Company Ltd. commanded a market value of Rs 74834.85 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 34.89, while the price-to-book value ratio stood at 3.4. Return on equity (ROE) was at 7.75 per cent, according to exchange data.

In the BSE500 pack, 139 stocks traded in the green, while 362 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.73.

Promotor/FII Holding
Promoters held 46.86 per cent in Tata Power Company Ltd. as of 30-Jun-2022 while overseas and domestic institutional investors owned 10.1 per cent and 3.83 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 231.33 on August 03, while the 50-DMA was at 220.78. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.