Torrent Power fell 4.46% to Rs 121.15 at 11:13 IST on BSE on profit booking after the stock surged 25.42% in the preceding four trading sessions to Rs 126.80 on 27 November 2013, from a recent low of Rs 101.10 on 21 November 2013.
Meanwhile, the BSE Sensex was up 151.53 points, or 0.74%, to 20,571.79.
On BSE, 2.57 lakh shares were traded in the counter compared with average volume of 3.59 lakh shares in the past one quarter.
The stock hit a high of Rs 127.90 and a low of Rs 120.55 so far during the day. The stock hit a 52-week high of Rs 198 on 2 January 2013. The stock hit a 52-week low of Rs 67 on 6 August 2013.
The stock had outperformed the market over the past one month till 27 November 2013, rising 60.81% compared with the Sensex's 1.27% fall. The scrip had also outperformed the market in past one quarter, rising 66.73% as against Sensex's 13.65% rise.
The mid-cap company has an equity capital of Rs 472.45 crore. Face value per share is Rs 10.
On a consolidated basis, Torrent Power reported a net loss of Rs 29.29 crore for Q2 September 2013, compared with net profit of Rs 164.37 crore in Q2 September 2012. Net sales rose 4.3% to Rs 2228.20 crore in Q2 September 2013 over Q2 September 2012.
Torrent Power is one of the largest private players in the country having integrated operations in the power sector.
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