September 28, 2022

Shares of Tata Energy Firm Ltd. rose 3.11 per cent to Rs 251.95 in Wednesday’s commerce as of 10:10AM (IST) even because the benchmark Nifty dominated at 17973.55, down 25.65 factors.

The scrip had closed at Rs 244.35 within the earlier session. The inventory quoted a 52-week low of Rs 55.95 and a excessive of Rs 269.7. The corporate quoted a market-cap of Rs 80474.63 crore on the BSE.

On BSE, 1,601,973 shares have modified palms on the counter to this point. At its prevailing value, the inventory traded at 55.36 instances its trailing 12-month EPS of Rs 4.55 per share and 1.58 instances its guide worth. The return on fairness (ROE) stood at Rs 5.41.

Key Financials

For the quarter ended 30-Sep-2021, Tata Energy Firm Ltd. reported consolidated gross sales of Rs 10187.33 crore, up 20.68 per cent from the identical quarter a yr in the past. The corporate reported 50.75 per cent YoY progress in internet revenue at Rs 421.51 crore for the most recent quarter.

Technical indicators

The relative energy index (RSI) of the inventory stood at Wednesday. The RSI oscillates between zero and 100. Historically, it’s thought-about overbought situation when the RSI worth is above 70 and oversold when it’s beneath 30.

Analysts say the RSI indicator shouldn’t be seen in isolation, because it is probably not ample to take a buying and selling name, simply the best way a elementary analyst can’t give a “purchase” or “promote” suggestion utilizing a single valuation ratio.

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