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Tata Power Gains 5%; BSE POWER Index Up 1.4%
Tue, 10 Sep 12:2

Tata Power Gains 5%; BSE POWER Index Up 1.4%Image source: Nikada/www.istockphoto.com

Tata Power share price has zoomed 5% and is presently trading at Rs 435.8.

Meanwhile, the BSE POWER index is at 8,062.3 (up 1.4%).

Among the top gainers in the BSE POWER index today are Power Grid Corp. (up 1.1%) and TORRENT POWER (up 0.9%).

ABB (down 0.6%) and Thermax (down 0.2%) are among the top losers today.

Over the last one year, Tata Power has moved up from Rs 257.6 to Rs 435.8, registering a gain of Rs 178.3 (up 69.2%).

On the other hand, the BSE POWER index has moved up from 4,569.8 to 8,062.3, registering a gain of 76.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 141.5%), BHEL (up 93.4%) and ADANI GREEN ENERGY (up 87.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,830.4 (up 0.3%).

The top gainers among the BSE Sensex today are Infosys (up 1.5%) and Bharti Airtel (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,024.6 (up 0.4%). Divis Laboratories and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,880.5 to 81,830.4, registering a gain of 15,949.9 points (up 24.2%).

Tata Power Financial Update...

Tata Power net profit grew 13.8% YoY to Rs 8,992 million for the quarter ended June 2024, compared to a profit of Rs 7,903 million a year ago. Net sales rose 13.7% to Rs 172,936 million during the period as against Rs 152,133 million in April-June 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 43.4.

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