Tata Power Company Ltd. shares up 1.52% as Nifty drops
Shares of Tata Power Company NSE 4.09 % Ltd. gained 1.52 per cent to Rs 63.3 in Friday’s trade. It hit a high of Rs 63.95 and low of Rs 62.7 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 47.19, while the 50-DMA was at Rs 55.2. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
