Tata Power gains after reporting net profit in Q2

Tata Power rose 1.67% to Rs 79.15 at 14:02 IST on BSE after the company reported a consolidated net profit of Rs 74.97 crore in Q2 September 2013 compared with net loss of Rs 83.80 crore in Q2 September 2012.

The Q2 result was announced during trading hours today, 14 November 2013.

Meanwhile, the S&P BSE Sensex was up 243.07 points or 1.2% at 20,437.47.

On BSE, 7.17 lakh shares were traded in the counter as against average daily volume of 4.62 lakh shares in the past one quarter.

The stock hit a high of Rs 80.20 and a low of Rs 77.50 so far during the day. The stock had hit a 52-week high of Rs 113.20 on 5 December 2012. The stock had hit a 52-week low of Rs 68.25 on 6 August 2013.

The stock had underperformed the market over the past one month till 13 November 2013, sliding 4.83% compared with the Sensex's 1.63% fall. The scrip had also underperformed the market in past one quarter, advancing 2.03% as against Sensex's 5.02% rise.

India's largest integrated power company has equity capital of Rs 237.31 crore. Face value per share is Re 1.

Tata Power's consolidated total income rose 9.05% to Rs 8471.78 crore in Q2 September 2013 over Q2 September 2012.

Tata Power is India's largest integrated power company with a significant international presence.

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