Torrent Power is currently trading at Rs. 354.60, up by 27.15 points or 8.29% from its previous closing of Rs. 327.45 on the BSE.
The scrip opened at Rs. 334.90 and has touched a high and low of Rs. 355.00 and Rs. 334.80 respectively. So far 136998 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 356.50 on 07-Aug-2020 and a 52 week low of Rs. 239.65 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 356.50 and Rs. 325.60 respectively. The current market cap of the company is Rs. 16917.71 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 28.43% and 18.01% respectively.
Torrent Power has reported a rise of 32.66% in its net profit at Rs 366.35 crore for the quarter ended June 30, 2020 as compared to Rs 276.15 crore for the same quarter in the previous year. However, total income of the company decreased by 20.36% at Rs 2,990.10 crore for Q1FY21 as compared Rs 3754.52 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 35.38% in its net profit attributed to owners at Rs 372.66 crore for the quarter under review as compared to Rs 275.27 crore for the same quarter in the previous year. However, total income of the company decreased by 19.76% at Rs 3041.72 crore for Q1FY21 as compared Rs 3,790.61 crore for the corresponding quarter previous year.