Tata Power shares rise 0.02 per cent in Monday's trading session

Shares of Tata Power Company Ltd. rose 0.02 per cent to Rs 206.6 in Monday's trade as of 12:04PM (IST) even as the benchmark Nifty ruled at 17922.45, down 34.15 points.

The scrip had closed at Rs 206.55 in the previous session. The stock quoted a 52-week low of Rs 190.0 and a high of Rs 298.0. The company quoted a market-cap of Rs 66015.72 crore on the BSE.

On BSE, 338,395 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 25.96 times its trailing 12-month EPS of Rs 7.96 per share and 3.4 times its book value. The return on equity (ROE) stood at Rs 7.75.

Key Financials
For the quarter ended 30-Sep-2022, Tata Power Company Ltd. reported consolidated sales of Rs 14181.07 crore, down 39.2 per cent from the same quarter a year ago. The company reported 94.32 per cent YoY growth in net profit at Rs 819.09 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.