Tata Power in focus, advances 7% post March quarter numbers

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter was up 6 per cent at Rs 2,013 crore as compared to Rs 1,901 crore during the previous quarter

Shares of Tata Power advanced as much as 7 per cent to Rs 34.60 on the BSE on Wednesday, a day after the company reported strong numbers for the March quarter of fiscal 2019-20 (FY20). The consolidated net profit of the company jumped 177 per cent year-on-year (YoY) to Rs 475 crore as against around Rs 172 crore in the year-ago period. 

At 09:47 am, the stock was trading 4.64 per cent higher at Rs 33.85 as compared to 0.73 per cent rise in the benchmark S&P BSE Sensex. Shares of Tata Power had hit a 52-week high of Rs