Tata Power jumps after turnaround Q1 numbers

Tata Power Company rose 3.55% to Rs 69.95 at 14:05 IST on BSE after the company reported consolidated net profit of Rs 241.33 crore in Q1 June 2015 compared with net loss of Rs 111.30 crore in Q1 June 2014.

The result was announced during trading hours today, 13 August 2015.

Meanwhile, the BSE Sensex was up 100.70 points, or 0.37%, to 27,612.96.

On BSE, so far 8.77 lakh shares were traded in the counter, compared with an average volume of 4.10 lakh shares in the past one quarter.

The stock hit a high of Rs 70.85 and a low of Rs 68.05 so far during the day. The stock hit a 52-week high of Rs 95.30 on 21 August 2014. The stock hit a 52-week low of Rs 67 on 30 July 2015.

The stock had underperformed the market over the past one month till 12 August 2015, sliding 5.79% compared with 0.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.52% as against Sensex's 2.36% rise.

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

On a consolidated basis, Tata Power's total income rose 7.89% to Rs 9340.01 crore in Q1 June 2015 over Q1 June 2014.

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

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