Tata Power Company gains as generation capacity rises in Q1

Tata Power Company rose 2.07% to Rs 76.30 at 14:53 IST on BSE after the company said that its generation capacity increased by close to 9% in Q1 June 2016 over Q1 June 2015.

The announcement was made during market hours today, 24 August 2016.

Meanwhile, the S&P BSE Sensex was up 84.32 points, or 0.3%, to 28,074.53

On BSE, so far 6.96 lakh shares were traded in the counter, compared with average daily volume of 4.92 lakh shares in the past one quarter. The stock hit a high of Rs 76.45 and a low of Rs 74 so far during the day. The stock had hit 52-week high of Rs 79.20 on 22 August 2016. The stock had hit 52-week low of Rs 55 on 12 February 2016. The stock had outperformed the market over the past 30 days till 23 August 2016, rising 3.89% compared with Sensex's 0.37% fall. The scrip, however, underperformed the market in past one quarter, underperforming 2.26% as against Sensex's 8.15% rise.

The large-cap company has equity capital of Rs 270.46 crore. Face value per share is Re 1.

Tata Power Company's standalone generation stood at 3,163 million units (MUs) in Q1 June 2016. Total consolidated generation stood at 11,122 MUs in Q1 June 2016. The company has a significant presence in the clean energy space with a gross installed capacity of 1,996 MW.

Shares of Tata Power Company dropped 3.24% to Rs 74.75 after the company announced weak Q1 result during trading hours yesterday, 23 August 2016. Tata Power Company's consolidated net profit fell 76.09% to Rs 72.49 crore on 7.14% decline in total income to Rs 6790.58 crore in Q1 June 2016 over Q1 June 2015.

Tata Power Company is India's largest integrated power company with a growing international presence. The company has presence in all the segments of the power sector viz. fuel security and logistics, generation (thermal, hydro, solar and wind), transmission, distribution and trading.

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