Tata Power price increased by three percent

Tata Power price increased by three percent

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Tata Power Share Price: After a long holiday, there is a rise in the Indian stock market today. At 11 am, the Sensex is trading at 74,025.67 with a gain of 374.32 points. Whereas, Nifty was at 22,459.60 with a gain of 132.70 points. Meanwhile, there is a tremendous rise in the stock of Tata Power. The stock opened at Rs 398.95. Whereas, during trading at 11.10 am, the company’s shares reached Rs 406.25 with a rise of 3.06 percent or 12.05 points. Experts believe that this multibagger stock can reach Rs 500 this year. The stock’s beta value, which measures volatility in relation to the broader market, was 1.73.

How is the stock performing?

Tata Power stock has given better returns to investors. The company’s stock has given a return of about five percent in the last five days. Whereas, the company has given a return of 7.74 percent in one month. At the same time, on six-monthly basis the company’s stock has given a return of 54.04 percent. At the same time, the company’s stock has given a return of 109.64 percent on an annual basis. A year ago, on April 3, 2023, the company share price was Rs 193.95. Whereas, five years ago on April 5, 2019, the stock price was only Rs 71.65. In the last five years, the company has given a tremendous return of 465.11 percent to the investors. In the last 52 weeks, the share price of the company has gone up to the level of Rs 433. Whereas, in the last 52 weeks it has gone to the lowest level of Rs 187.95.

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How is the company’s performance?

The company did not do good business in the December quarter. The consolidated sales of the company were Rs 15294.13 crore with a decline of almost four percent. Which before that was Rs 16029.54 crore. However, currently the market cap of the company in the stock market is Rs 1.29 lakh crore. As of December 31, 2023, promoters held 46.86 percent stake in the company, while foreign investors held 9.86 percent and domestic institutional investors held 5.42 percent.

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