Tuesday, 24 May 2016

Tata Power gains 2% post Q4 results

The company posted a net profit at Rs. 3602.50 million for the Quarter ended March 31, 2016 as compared to Rs. 1591.40 million for the Quarter ended March 31, 2015.

Tata Power Company Ltd stock was up by 2% at Rs. 208. The company posted a net profit at Rs. 3602.50 million for the Quarter ended March 31, 2016 as compared to Rs. 1591.40 million for the Quarter ended March 31, 2015.

The scrip opened at Rs. 72.5 and has touched a high and low of Rs. 72.7 and Rs. 71.3 respectively. So far 4657794(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 19121.73 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 76.95 on 02-Jun-2015 and a 52 week low of Rs. 55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 71.5 and Rs. 68.1 respectively.

The promoters holding in the company stood at 33.02 % while Institutions and Non-Institutions held 50.7 % and 16.27 % respectively.

The stock is currently trading above its 50 DMA.

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