Tata Power Company Ltd gains for third consecutive session

Tata Power Company Ltd gained for a third straight session today. The stock is quoting at Rs 355.25, up 2.96% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.06% on the day, quoting at 23297. The Sensex is at 75277.24, up 1.1%. Tata Power Company Ltd has risen around 1.07% in last one month.

Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has risen around 1.48% in last one month and is currently quoting at 34957.9, up 3.13% on the day. The volume in the stock stood at 26.23 lakh shares today, compared to the daily average of 42.85 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 357.5, up 3.35% on the day. Tata Power Company Ltd is down 13.06% in last one year as compared to a 9.57% drop in NIFTY and a 1.07% drop in the Nifty Energy index.

The PE of the stock is 125.04 based on TTM earnings ending June 26.

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