Categories: Business

Tata power stock rises 7 percent post q4 number

Photo: PTI

Tata power q4 result

new Delhi. Shares of Tata Power gained seven per cent on Wednesday as net profit doubled in the fourth quarter. Shares of the company rose 6.95 per cent to Rs 34.60 on the BSE, while the NSE saw a 6.62 per cent gain. Currently, the stock remains close to its year low. The year low of the stock is 27 while the year high level is 74.05. Due to better results, buying has been seen in the stock which has come down.

Tata Power reported on Tuesday that its net profit doubled to Rs 475 crore in the January-March quarter. A statement from the company said that its consolidated net profit for the quarter ended March 31, 2019 was Rs 172 crore. At the same time, the company's income from operations fell by 8 per cent to Rs 6621 crore. Along with this, the company has also announced a dividend of Rs 1.55 per share.

This post was published on May 21, 2020 12:09 am

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