Torrent Power Ltd up for fifth session

Torrent Power Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1532.3, up 0.7% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.29% on the day, quoting at 24267. The Sensex is at 78235, up 0.32%. Torrent Power Ltd has risen around 5.36% in last one month.

Meanwhile, Nifty Energy index of which Torrent Power Ltd is a constituent, has risen around 6.97% in last one month and is currently quoting at 38184.75, up 1.25% on the day. The volume in the stock stood at 3.31 lakh shares today, compared to the daily average of 5.57 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 1539.3, up 0.71% on the day. Torrent Power Ltd is down 3.78% in last one year as compared to a 0.59% spurt in NIFTY and a 11.6% spurt in the Nifty Energy index.

The PE of the stock is 23.72 based on TTM earnings ending December 25.