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 Motors share price has surged 60% in the calendar year 2023, on the back of recent rise in sales volume and turnaround in JLR numbers.
TCS is expected to post constant currency revenue growth of 1% with 20 bps cross currency headwinds translating into 0.8% QoQ dollar revenue growth.
Tata Power CEO is taking his company towards a green-only portfolio by 2040 with focus on consumer verticals.
Ailing Port Talbot unit’s transition to green steel set-up with 40% revival cost borne by Britain.
Tata Power Renewable Energy will establish a 41 MW captive solar plant for TP Solar for its 4.3 GW solar cell and module manufacturing facility in Tamil Nadu.
The lesser-known Tata Group stock gained nearly 5% in intraday on Friday after it received an advance of ₹750 crore from sister company TCS for BSNL project.
Tata Power shares gained as much as 2.87% to ₹241.65 on the BSE on Thursday as investors reacted positively to June quarter results.
Extending its gaining streak, the Tata Group stock jumped 3% on Tuesday as investors rushed to buy shares ahead of its first quarter earnings report.