Tata Power market-cap crosses Rs 50,000cr mark; stock up 4% at new high
Shares of Tata Power Company continued to climb higher, hitting a new high at Rs 165 after 13 years, up 4 per cent on the BSE in Friday’s intra-day trade, on improved outlook. The stock of Tata Group electric utilities company was trading higher for the fourth straight day and has rallied 19 per cent during the period. The previous record high was Rs 158 recorded on January 4, 2008.
In the process, Tata Power’s market capitalisation (market-cap) has crossed Rs 50,000 crore mark. At 02:40 pm; Tata Power was trading 3.5 per cent higher at Rs 164.35, with a market-cap of Rs 52,515.41 crore on the BSE, the exchange data shows.
Tata Power is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 13,061 MW.
