Tata Power Company is currently trading at Rs 79.95, up by 1.20 points or 1.52% from its previous closing of Rs 78.75 on the BSE.
The scrip opened at Rs 78.90 and has touched a high and low of Rs 80.05 and Rs 78.90 respectively. So far 110797 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 113.20 on 05-Dec-2012 and a 52 week low of Rs 68.25 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs 85.00 and Rs. 78.35 respectively. The current market cap of the company is Rs 18830.33 crore.
The promoters holding in the company stood at 32.47% while Institutions and Non-Institutions held 48.38% and 15.97% respectively.
Credit rating agency, CRISIL has downgraded its rating on the long-term bank facilities and debt instruments of Tata Power Company to ‘AA-/Negative’ from ‘AA/Negative’. The rating agency has also reaffirmed its rating on the company’s short-term facilities at ‘A1+’.
The company has received the rating downgrade as its risk profile has been adversely impacted on account of lower-than-expected dividends from the coal companies; the dividends have not been enough to offset the debt servicing requirements of Tata Power’s special purpose vehicle (SPV), Coastal Gujarat Power.
Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
