Tata Power Company Ltd gained for a fifth straight session today. The stock is quoting at Rs 60.65, up 0.75% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 12293.1. The Sensex is at 41702.19, down 0.6%. Tata Power Company Ltd has gained around 10.27% in last one month.

Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has gained around 0.29% in last one month and is currently quoting at 16053.25, down 0.21% on the day. The volume in the stock stood at 36.36 lakh shares today, compared to the daily average of 62.68 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 60.75, up 0.66% on the day. Tata Power Company Ltd is down 20.72% in last one year as compared to a 12.88% jump in NIFTY and a 12.48% jump in the Nifty Energy index.

The PE of the stock is 19.36 based on TTM earnings ending September 19.

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Tata Power Solar Systems, a wholly owned subsidiary of Tata Power, has received Letter of Award (LOA) from NTPC for a 250MW solar project under the CPSU scheme. The total value of the order is Rs 1,505 crore and the completion period is 20 months. With this order, the order book of Tata Power Solar stands at approximately Rs 7,600 crore including external and internal orders.

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Tata Power in an exchange filing during market hours today, 13 January 2020, said that Tata Power Solar Systems, a wholly owned subsidiary, has received a Letter of Award (LoA) from NTPC for a 250 MW solar project under the CPSU scheme.

The total value of the order is Rs 1,505 crore and the completion period is 20 months. Under the CPSU scheme, only domestically manufactured cells and modules would be used for the project.

With this, the order book of Tata Power Solar stands at approximately Rs 7,600 crore including external and internal orders.

The stock trades above its 100 days simple moving average placed at 57.84 but below its 200 days moving average placed at 62.42. These levels will act as support and resistance in near term.

Tata Power is India's largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed capacity of 10,763 MW.

Tata Power's consolidated net profit slipped 19.5% to Rs 270.17 crore in Q2 September 2019 as against Rs 335.77 crore in Q2 September 2018. Net sales rose 4.4% to Rs 7,677.82 crore in Q2 September 2019 over Q2 September 2018.

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Tata Power Company will hold a meeting of the Board of Directors of the Company on 29 January 2020.

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