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The newspaper closed at Rs 224.65 in the previous session. The stock touched a 52-week low of Rs 190.0 and a high of Rs 298.0. The company has quoted a market capitalization of Rs 71447.79 crore on BSE.
On the BSE, 455,689 shares have changed hands on the counter so far. At its share price, the stock trades at 28.1 times trailing 12-month EPS of Rs 7.96 per share and 3.4 times book value. Return on equity (ROE) at Rs 7.75.
Main finance
For the quarter ending September 30, 2022, Tata Energy Company Limited reported total sales of Rs 14,181.07 million, down 39.2 percent from the same quarter last year. The company reported 94.32 percent 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 on Tuesday. RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say that the RSI indicator should not be seen in isolation, as it may not be enough to call a trade, just as fundamental analysts cannot give “buy” or “sell” recommendations using a single valuation ratio.
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