Tata Power Company Ltd spurts 2.22%

Tata Power Company Ltd is up for a third straight session in a row. The stock is quoting at Rs 368, up 2.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.05% on the day, quoting at 25308.35. The Sensex is at 82102.05, up 1.23%. Tata Power Company Ltd has risen around 7.07% in last one month.

Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has risen around 4.93% in last one month and is currently quoting at 37164.95, up 1.24% on the day. The volume in the stock stood at 45.1 lakh shares today, compared to the daily average of 43.56 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 369.5, up 2.5% on the day. Tata Power Company Ltd is down 5.31% in last one year as compared to a 2.19% drop in NIFTY and a 3.69% drop in the Nifty Energy index.

The PE of the stock is 130.25 based on TTM earnings ending June 26.

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