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Tata Power Plunges 4%; BSE POWER Index Down 2.3%
Mon, 4 Nov 13:15

Tata Power Plunges 4%; BSE POWER Index Down 2.3%Image source: peterschreiber.media/www.istockphoto.com

Tata Power share price has plunged 4% and is presently trading at Rs 427.7.

Meanwhile, the BSE POWER index is at 7,732.3 (down 2.3%).

Among the top losers in the BSE POWER index today are BHEL (down 4.4%) and INDIAN ENERGY EXCHANGE (down 4.1%).

Over the last one year, Tata Power has moved up from Rs 239.3 to Rs 427.7, registering a gain of Rs 188.4 (up 78.7%).

On the other hand, the BSE POWER index has moved up from 4,431.4 to 7,732.3, registering a gain of 74.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 147.7%), Siemens (up 107.6%) and BHEL (up 91.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,505.4 (down 1.7%).

The top losers among the BSE Sensex today are Bajaj Finserv (down 4.0%) and MUNDRA PORT & SEZ (down 3.8%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,897.6 (down 1.7%). Hero Motocorp and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,505.4, registering a gain of 14,630.5 points (up 22.9%).

Tata Power Financial Update...

Tata Power net profit grew 12.0% YoY to Rs 8,580 million for the quarter ended September 2024, compared to a profit of Rs 7,659 million a year ago. Net sales declined 0.3% to Rs 156,977 million during the period as against Rs 157,380 million in July-September 2023.

For the year ended March 2024, Tata Power reported 12.3% increase in net profit to Rs 42,801 million compared to net profit of Rs 38,097 million during FY23. Revenue of the company grew 11.5% to Rs 614,489 million during FY24.

The current Price to earnings ratio of Tata Power, based on rolling 12 month earnings, stands at 41.4.


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