Tata Power shares fall up to 5% post Q3; here’s why
Shares of Tata Power have fallen over 8% in two sessions after hitting a 52-week high of ₹412.75 in intraday trade on Friday.
Shares of Tata Power have fallen over 8% in two sessions after hitting a 52-week high of ₹412.75 in intraday trade on Friday.
Tata Power reported 8.79% rise in consolidated net profit at ₹1,017.41 crore in Q2 FY24; revenue grew 9% to ₹15,442 crore.
Tata Power Renewable Energy has signed a deal with Endurance Technologies for setting up a 12.5 MW captive solar plant in Aachegaon, Maharashtra.
The Tata Group stock has risen 44% in the last five months after hitting its 52-week low of ₹182.45 on March 28, 2023.
This multibagger stock has rallied 214% in one year, from ₹77.35 on January 25, 2021, to ₹245.50 in intraday trade today.