Tata Power turns flat after Q3 earnings

Tata Power was flat at Rs 75.25 at 13:42 IST on BSE after the company reported consolidated net loss of Rs 74.91 crore in Q3 December 2013, lower than net loss of Rs 328.92 crore in Q3 December 2012.

The result was announced during trading hours today, 7 February 2014.

Meanwhile, the BSE Sensex was up 37.78 points, or 0.19%, to 20,348.52.

On BSE, so far 6.27 lakh shares were traded in the counter, compared with an average volume of 4.87 lakh shares in the past one quarter.

Trading in the counter was volatile. The stock rose 1.86% at the day's high of Rs 76.65. The stock fell 1.99% at the day's low of Rs 73.75. The stock hit a 52-week high of Rs 102.45 on 15 March 2013. The stock hit a 52-week low of Rs 68.25 on 6 August 2013.

 

The stock had underperformed the market over the past one month till 6 February 2014, falling 8.12% compared with the Sensex's 2.29% fall. The scrip had underperformed the market in past one quarter, sliding 10.52% as against Sensex's 2.80% decline.

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

On a consolidated basis, Tata Power's total income fell 4.91% to Rs 8605.93 crore in Q3 December 2013 over Q3 December 2012.

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

Powered by Capital Market - Live News