Tata Power stock price: Tata Power stock falls as Nifty falls

Shares of Tata Power Company Ltd. were trading at Rs 411.45 in Tuesday’s trade, down 1.6% at 01:08 PM (IST). It had hit a high of Rs 420.5 and a low of Rs 410.4 during the session.

The stock hit a 52-week high of Rs 470.85 and a 52-week low of Rs 228.1. The return on equity of the stock was 11.42%. Around 726,117 shares have been traded on the counter so far.

The beta value of the stock is 1.73, which is a measure of volatility relative to the overall market.

The stock has outperformed the Sensex by gaining 74.23% over the past year, compared to Sensex’s gain of 20.37%.

Technical
On the technical chart, the stock’s 200-day moving average (DMA) was at Rs 228.1 on August 13, while its 50-day moving average was at Rs 435.88. If a stock is trading well above both its 50-day and 200-day moving averages, it generally indicates an uptrend in the immediate future. On the other hand, if a stock is trading well below both its 50-day and 200-day moving averages, it is considered a downtrend, and if it is trading between these averages, it suggests that the stock could go either way.

Promoter/FII Holding
The promoters held 46.86% stake in Tata Power Company Ltd. as on June 30, 2024. Mutual funds and foreign institutional investors held 7.24% and 9.51% stake, respectively.