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Tata Power Share Price: Tata Power shares fall 5.62% as Nifty drops


Shares of Tata Power Company Ltd. traded 5.62 per cent down at Rs 237.7 on Tuesday at around 02:10PM (IST), while the benchmark BSE Sensex declined 94.57 points to 57526.62.

As many as 6,797,708 shares changed hands on the counter with a total value of Rs 162.29 crore.

The stock quoted a 52-week high price of Rs 269.7 and a 52-week low of Rs 86.05.

On the technical charts, the 200-DMA of the stock stood at Rs 168.49, while 50-DMA was at Rs 231.37. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 164.11 per cent in the past one year, while Sensex has risen 18.98 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 52.24 and a price-to-book ratio of 1.58. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Power – Integrated industry.


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