Tata Power tumbles after Q1 net loss

Tata Power tumbled 7.05% to Rs 77.80 at 13:57 IST on BSE after the company reported a consolidated net loss of Rs 114.70 crore in Q1 June 2013 compared with a net profit of Rs 145.93 crore in Q1 June 2012.

The company announced the results during trading hours today, 6 August 2013.

Meanwhile, the S&P BSE Sensex was down 317.90 points, or 1.66%, to 18,864.36.

On BSE, 6.89 lakh shares were traded in the counter as against an average daily volume of 2.56 lakh shares in the past one quarter.

The stock hit a low of Rs 77.25 so far during the day, which is also a 52-week low for the counter. The stock hit a high of Rs 83 so far during the day. The stock had hit a 52-week high of Rs 113.20 on 5 December 2012.

The stock had underperformed the market over the past one month till 5 August 2013, sliding 2.22% compared with the Sensex's 1.61% fall. The scrip had also underperformed the market in past one quarter, falling 10.72% as against Sensex's 2.01% fall.

The large-cap company has an equity capital of Rs 237.31 crore. Face value per share is Re 1.

Total income jumped 24.54% to Rs 9111.57 crore in Q1 June 2013 over Q1 June 2012.

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

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