Tata Power gains after South African JV commences operations of wind farm project

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Tata Power Company gained 1.3 percent to Rs 77.90 on BSE after the company announced that South African joint venture company commenced commercial
operations of its 95 MW wind farm project.The announcement was made during market hours today, 19 August 2016.

Meanwhile, the S&P BSE Sensex, was currently up 4.16 points or 0.01 percent at 28,127.60.

On BSE, so far 1.92 lakh shares were traded in the counter, compared with an average daily volume of 4.61 lakh shares in the past one quarter. The stock hit high of Rs 78.45 so far during the day, with the price matching with the stock’s 52-week high hit yesterday, 18 August 2016.

The stock hit low of Rs 76.70 so far during the trading session. The stock had hit 52-week low of Rs 55 on 12 February 2016. The stock had outperformed the market over the past one month till 18 August 2016, gaining 9.31 percent compared with 1.36 percent rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 10.09 percent as against Sensex’s 9.41 percent rise.

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