Espresso Shot of the Day - Tata Power Co Ltd up by 8.59 percent

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Espresso Shot of the Day - Tata Power Co Ltd up by 8.59 percent

April 05, 2022
Espresso Shot of the Day - Tata Power Co Ltd up by 8.59 percent

TATA POWER CO. LTD. 273.60  (+8.59%) BSE – INE245A01021 | 5THAPRIL 2022


Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is a pioneer in technology adoption, with many firsts to its credit, supporting the country's energy independence. Tata Power, together with its subsidiaries and joint entities, has a generation capacity of 13,061 MW, of which 32% comes from clean energy sources. The company has the distinction of being among the top private players in each sector of the value chain, including solar rooftop and value-added services. Tata Power is a pioneer credited with steering the energy sector on technology, process, and platform. Powering emerging technologies for the “smart” customer, Tata Power's latest business integrated solutions, focusing on mobility and lifestyle, are poised for multi-fold growth. Since its inception in 1915, Tata Power now has over a century of expertise in technology leadership, project execution excellence, world-class safety processes, customer care, and driving green initiatives. Tata Power is committed to “lighting up lives” for generations to come.


Recent Drivers

  • On Apr 05, 2022, the company commissioned a 160 MW AC solar project at Jetstar in Rajasthan.
  • On Apr 04, 2022, the company commissioned a 300-MW solar plant in Dholera, Gujarat.
  • On Apr 02, 2022, the company collaborated with realty developer Rustomjee Group to provide electric vehicle charging solutions across all its residential and commercial projects in Mumbai.
  • On Apr 01, 2022, the company received approval from the Mumbai bench of the National Company Law Tribunal (NCLT) for the merger of Coastal Gujarat Power Ltd (CGPL) with itself.
  • On Mar 10, 2022, the company reported that it has collaborated with Enviro, the facility management wing of the NCR-based real estate developer Vatika Group, to install 59 EV charging points at its properties across Gurugram, Haryana.
  • On Feb 23, 2022, the company’s subsidiary Prayagraj Power Generation Company (PPGCL) signed a MoU with ZaaK Technologies GmbH to jointly establish India's first Lypors pilot manufacturing plant at PPGCL.
  • On Feb 22, 2022, the company reported that it has collaborated with Germany-based RWE Renewable GmbH to explore the potential for a joint development of offshore wind projects in India.
  • On Feb 09, 2022, the company reported Net Sales of Rs.2, 147.20 crores in December 2021, up 29.54% from Rs.1, 657.59 crores in December 2020.
  • On Feb 09, 2022, the company reported a Quarterly Net Profit of Rs.48.67 crores in December 2021, down 91.53% from Rs.574.52 crores in December 2020.
  • On Feb 03, 2022, the company collaborated with Apollo Tyres to deploy electric vehicle charging stations at the latter's commercial and passenger vehicle zones across India.
  • On Jan 17, 2022, the company announced the commissioning of two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh.
 (Sources: BSE, Moneycontrol, Business Standard, Economic Times, Business Lines, Business Today)


Technical Force*

  • S&P BSE 100 month till date gain up by 3.19%
  • Traded on new All-time high value 275.20
  • Spurt in volume by more than 3.78 times compared to the previous vol. 3 months avg. volume: 32,05,172
  • Quantity traded: 83, 22,446 | Deliverable Quantity: 34, 22,190 (41.122%)
  • Stock price has jumped by more than 205% from a one-year low level: 89.95 (Apr 12, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 275.20 | 52-week-low: 89.95


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

497.43

383.57

302.23

188.37

107.03

-

-

    -

Fibonacci Pivot

383.57

309.00

262.93

233.26

188.37

143.47

113.80

67.73

    -


Today’s Close

273.60

SMA

BSE

10 DAY

244.56

20 DAY

237.38

50 DAY

234.74

200 DAY

192.03


Some Key Ratios (Source: BSE)

Market Cap: 87,424.49 Crores

PE: 38.36

OPM%: 27.91

ROE%: 12.23

Promoters holding%: 46.86

Prev. Close: 251.95


*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.