Tata Power hits four-month high on heavy volumes

The stock was up 7% to Rs 86.70 in intra-day trade on BSE, also its highest level since April 25, 2017.

Tata Power hit a four month high of Rs 86.70, up 7% on BSE in intra-day trade, on the back of heavy volumes. The stock touched its highest level since April 25, 2017 on BSE.

At 11:38 AM; it was up 6% at Rs 85.80, as compared to 0.21% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than five-fold with a combined 24.68 million shares changed hands on BSE and NSE so far.

Tata Power on Tuesday after market hours said that the rating agency CARE Ratings has reaffirmed its ratings assigned