Tata Power has been making headlines for varied reasons, ranging from its ₹4,500 crore NTPC deal through a subsidiary and other project-related news. At the same time, the company is reportedly weighing a listing for its green energy arm, which could impact stock prices in the near future as well. Share prices have closed today at ₹381.25, which is 0.85% higher than the opening price of ₹378 for the day. This was incidentally lower than the closing price of ₹378.50 on 15th April.
By midday, though, the prices rebounded positively, touching ₹381.10 and growing by 0.82% over the opening figures, after slumping to ₹377.94 and then rising to ₹382.25 in the interim. The closing prices are thus a clear indicator of the company capitalizing on the midday growth momentum today. It remains to be seen how things play out for the stock over the next few days.
Tata Power share prices dropped by 0.13% at market opening today, touching ₹378 as compared to the closing price of ₹378.50 yesterday (15th April). However, by midday, prices seem to have shaken off the opening slump, reaching ₹381.10, indicating growth of 0.82% from the opening figures. The initial low today was ₹377.94 while the stock has recovered since then, peaking at ₹382.25 and then settling down to the midday figures.
While the prices seem to have touched a majorly positive curve by now, it remains to be seen how they hold till the close, especially with the company winning a ₹4,500 crore NTPC order through its subsidiary
Tata Power share prices have dipped slightly by 0.13%, opening today (16th April) at ₹378, as compared to yesterday’s (15th April) closing price of ₹378.50. The latter, however, was higher than the opening price of ₹375 on 15th April, and this in turn, was substantially more than the closing price of ₹364.45 on 11th April. It could mark a halting of positive momentum or be a temporary blip en route towards further recovery and progress.
News has already come out about Tata Power’s subsidiary winning a ₹4,500 crore NTPC order for 200 MW dispatchables and this could impact stock prices going forward.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here
Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
Contact Us