September 19, 2022

Shares of Tata Energy Firm Ltd. rose 6.74 per cent to Rs 228.0 in Tuesday’s commerce as of 10:00AM (IST) even because the benchmark Nifty dominated at 18260.70, up 135.3 factors.

The scrip had closed at Rs 213.6 within the earlier session. The inventory quoted a 52-week low of Rs 51.65 and a excessive of Rs 269.7. The corporate quoted a market-cap of Rs 72598.11 crore on the BSE.

On BSE, 4,083,122 shares have modified arms on the counter thus far. At its prevailing worth, the inventory traded at 55.34 occasions its trailing 12-month EPS of Rs 4.11 per share and 1.58 occasions its ebook worth. The return on fairness (ROE) stood at Rs 5.41.

Key Financials

For the quarter ended 30-Jun-2021, Tata Energy Firm Ltd. reported consolidated gross sales of Rs 10145.89 crore, down 55.13 per cent from the identical quarter a yr in the past. The corporate reported 89.25 per cent YoY development in web revenue at Rs 391.03 crore for the most recent quarter.

Technical indicators

The relative power index (RSI) of the inventory stood at Tuesday. 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 way in which a elementary analyst can’t give a “purchase” or “promote” suggestion utilizing a single valuation ratio.

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