TATA POWER Plunges by 5%; BSE POWER Index Up 0.3%

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TATA POWER Plunges by 5%; BSE POWER Index Up 0.3%
Thu, 19 Mar 09:54 AM

TATA POWER share price has plunged 5% and is presently trading at Rs 34.

Meanwhile, the BSE POWER Index is at 1,357 (up 0.3%).

Among the top losers in the BSE POWER Index today are TATA POWER (down 5.4%) and THERMAX (down 6.9%).

NTPC (up 4.4%) and POWER GRID (up 2.4%) are among the top gainers today.

Over the last one year, TATA POWER has moved down from Rs 73 to Rs 34, registering a loss of Rs 39 (down 52.9%)..

The BSE POWER has moved down from 1,994 to 1,357, loss of 637 points (down 31.9%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 3.4%) and SIEMENS (up 2.8%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 5.8%). The top gainers among the BSE Sensex stocks today are NTPC (up 4.4%), POWER GRID (up 2.4%) and SUN PHARMA (up 0.1%). The most traded stocks in the BSE Sensex are NTPC and POWER GRID.

In the meantime, NSE Nifty is at 8,099 (down 6.1%). NTPC (up 3.8%) and POWER GRID (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 28.60%).

TATA POWER Financial Update...

TATA POWER net profit down at Rs 208 million for the quarter ended December 2019, compared to a loss of Rs 1 billion a year ago. Net Sales declined 8.2% to Rs 70.7 billion during the period as against Rs 77.1 billion in October-December 2018.

For the year ended March 2019, TATA POWER reported 1884.3% decrease in net profit to Rs 4.7 billion compared to net profit of Rs 262.0 million during FY18.

Revenue of the company grew 10.1% to Rs 296 billion during FY19.

The current Price to earnings ratio of TATA POWER, based on rolling 12 month earnings, stands at 22.1x.

What else is happening in the markets today? Dig in...

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