Tata Power share price: Tata Power shares fell 3.62% as Sensex fell | Daily News Byte

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Shares of . It fell 3.62 percent to Rs 201.3 in the Friday session at 01:09PM (IST) even as the benchmark Sensex traded 651.96 points lower at 60174.26.

In the morning, the stock witnessed a gap that started in the session. The stock quoted a 52-week high of Rs 298.0 and a 52-week low of Rs 190.0 on the NSE. Around 864507 shares changed hands on the counter till 01:09 PM (IST).

The stock opened at Rs 205.2 and touched a high and low of Rs 207.85 and Rs 200.0 in the session so far. The newspaper quoted a price-to-earnings (PE) ratio of 25.24, earnings per share (EPS) of Rs 7.96 and price-to-book value (PB) of 3.4, while return on equity (ROE) stood at Rs 7.75.

Promoter / FII Holding
Promoters held 46.86 per cent stake in the company as on December 23, while FII and MF ownership stood at 10.1 per cent and 3.83 per cent, respectively.

Main finance

With a market cap of Rs 64178.39 crore, the company operates in the energy-integrated industry. For the quarter ended September 30, 2022, the company reported total sales of Rs 14181.07 crore, down 3.13 percent from the previous quarter?s Rs 14638.78 crore and down 39.2 percent from the same quarter last year. The company reported a net profit of Rs 819.09 crore for the latest quarter, up 94.32 percent from the corresponding quarter last year.

Technical indicators
The relative strength index (RSI) of the stock stands at 24.59. RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is higher than 70 and an oversold condition when it is lower than 30. Analysts say that the RSI indicator should not be viewed in isolation, because it may not be enough. Call trading, the only way a fundamental analyst can give a “buy” or “sell” recommendation using a single valuation ratio.

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