Tata Power in focus, advances 7% post March quarter numbers
Shares of Tata Power advanced as much as 7 per cent to Rs 34.60 on the BSE on Wednesday, a day after the company reported strong numbers for the March quarter of fiscal 2019-20 (FY20). The consolidated net profit of the company jumped 177 per cent year-on-year (YoY) to Rs 475 crore as against around Rs 172 crore in the year-ago period.
At 09:47 am, the stock was trading 4.64 per cent higher at Rs 33.85 as compared to 0.73 per cent rise in the benchmark S&P BSE Sensex. Shares of Tata Power had hit a 52-week high of Rs 74.05 on July 3, 2019 and its 52-week low is Rs 27, touched on May 12 this year.
