Torrent Power is currently trading at Rs. 289.05, up by 9.20 points or 3.29% from its previous closing of Rs. 279.85 on the BSE.
The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 290.00 and Rs. 285.60 respectively. So far 37724 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 313.80 on 16-Jul-2019 and a 52 week low of Rs. 230.45 on 25-Feb-2019.
Last one week high and low of the scrip stood at Rs. 290.60 and Rs. 276.85 respectively. The current market cap of the company is Rs. 13450.06 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 27.97% and 18.47% respectively.
Torrent Power has received approval for purchase of 20 lakh equity shares of Rs 10 each of TCL Cables (TCLP) for a consideration of Rs 2 crore. Prior to purchase of equity shares, TCPL was a step down wholly owned subsidiary of the Company. After this acquisition, TCPL will become a direct wholly owned subsidiary. The Board of Directors of the Company at its meeting held on November 05, 2019 has approved the same.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
Company Name | CMP |
---|---|
NTPC | 361.40 |
Tata Power | 433.90 |
Power Grid Corp | 312.55 |
Adani Power | 639.95 |
Torrent Power | 1340.00 |
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