Tata Power shares drop 2.14% as Sensex falls
The stock quoted a 52-week high of Rs 298.0 and a 52-week low of 121.75. About 1,497,511 shares changed hands on the counter so far.
Benchmark Nifty50 was down 208.65 points at 17747.85, while the BSE Sensex traded 707.15 points lower at 59590.85 at the time of writing of this report.
![Smart Talk](https://img.etimg.com/photo/msid-91457710,quality-100/SmartTalk.jpg)
In the Nifty pack, 9 stocks traded the day in the green, while 40 were in the red.
Key Financials
For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 14638.78 crore, up 19.8 per cent from the previous quarter’s Rs 12219.36 crore and up 44.28 per cent from the year-ago quarter. The company reported net profit of Rs 794.6 crore for the latest quarter.
Promoter Holdings
Promoters held 46.86 per cent stake in the company as of 30-Jun-2022, while FIIs held 10.1 per cent and MFs 3.83 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 231.63 on August 19, while the 50-DMA was at Rs 220.96. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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