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    Tata Power shares drop 1.24% as Sensex falls

    Synopsis

    A total of 192,945 shares changed hands on the counter till 12:04PM (IST)

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    Shares of the Tata Power Company Ltd. traded at Rs 203.2 on BSE at 12:04PM (IST) on Wednesday, down 1.24 per cent. The stock quoted a 52-week low price of Rs 190.0 and a high of Rs 298.0.

    Earlier in the day, the stock saw a gap up opening.

    At the prevailing price, the stock traded at 25.53 times its trailing 12-month EPS of Rs 7.96 per share and 3.4 times its book value, as per BSE data.

    A total of 192,945 shares changed hands on the counter till 12:04PM (IST). The stock commands a market value of Rs 64913.32 crore and is part of the Power - Integrated industry.

    The scrip has been an underperformer , down 14.93 per cent in the past one year in comparison with a 2.11 per cent gain in Sensex.

    During the day, the stock moved between Rs 206.3 and Rs 202.15.

    Promoter/FII Holding
    Promoters held 46.86 per cent in the company as of 31-Dec-2022. FII and MF ownership in Tata Power Company Ltd. stood at 10.1 per cent and 3.83 per cent, respectively.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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