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Tata Power gains on joining hands with MG Motor India

  • bitnet infotech
  • June 9, 2020
  • 9:13 am

Tata Power Company is currently trading at Rs. 43.40, up by 0.70 points or 1.64% from its previous closing of Rs. 42.70 on the BSE.

The scrip opened at Rs. 43.50 and has touched a high and low of Rs. 43.65 and Rs. 42.45 respectively. So far 905354 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 74.05 on 04-Jul-2019 and a 52 week low of Rs. 27.00 on 12-May-2020.

Last one week high and low of the scrip stood at Rs. 44.80 and Rs. 40.30 respectively. The current market cap of the company is Rs. 11711.67 crore.

The promoters holding in the company stood at 37.22 % while Institutions and Non-Institutions held 46.46 % and 16.31 % respectively.

Initiating the next phase of EV revolution in India, Tata Power has signed a memorandum of understanding (MoU) with MG Motor. As part of the association, Tata Power will deploy 50KW DC Superfast chargers at select MG dealership locations and offer end-to-end EV charging solutions to MG dealerships spread across India.

Tata Power is India’s largest integrated power company.

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