Profit Spotlight: Tata Power Company’s 11% Surge and ₹4,620 Gain from 150 Stocks on Dec 7, 2023

Profit Spotlight: Tata Power Company's 11% Surge and ₹4,620 Gain from 150 Stocks on Dec 7, 2023
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On the previous day’s trading session, December 7, 2023, Thursday, Tata Power Company exhibited an exceptional performance in the stock market, witnessing an impressive 11% surge in stock prices across major exchanges. Renowned for its expertise in the power sector, the company’s stellar performance extended beyond its individual success, contributing to a broader 3% rise in the entire power sector.

This success story positions Tata Power Company as a robust and appealing player in the energy market, making it a noteworthy choice for investors navigating the evolving landscape of the industry.

Tata Power Company Ltd. – NSE Performance (As of December 7, 2023, 03:59 pm IST)

In the previous day’s trading session, Tata Power Company Ltd. demonstrated an impressive performance on the National Stock Exchange (NSE). The current stock price stands at a robust ₹325.80, reflecting a significant increase of +₹31.66 (10.75%). This positive momentum surpassed the previous close of ₹294.15. The day began with an opening price of ₹295.00 and reached a commendable high of ₹332.15, showcasing the stock’s resilience. Despite minor fluctuations, the low remained strong at ₹292.15, underscoring the stability of Tata Power Company’s stock.

An impressive volume of 15,23,81,610 shares exchanged hands, indicating active participation in the market during the previous day’s trading session. The Volume Weighted Average Price (VWAP) of ₹318.47 further reinforces the positive sentiment surrounding the stock. In the sector of Power, specifically in Power – Integrated, Tata Power continues to stand out as a symbol of strength and growth.

Tata Power Company Ltd. – BSE Performance (As of December 7, 2023, 03:59 pm IST)

In the previous day’s trading session, Tata Power Company Ltd. replicated its success on the Bombay Stock Exchange (BSE), with the stock price soaring to ₹325.75. The positive trajectory is evident in the substantial change of +₹31.65 (10.76%) from the previous close of ₹294.10. The day started with an opening price of ₹295.90 and reached a high of ₹332.00, emphasizing the stock’s upward momentum. The low for the day remained resilient at ₹292.25.

A notable volume of 82,43,926 shares indicates significant investor interest in Tata Power Company Ltd. during the previous day’s trading session. The Volume Weighted Average Price (VWAP) of ₹318.49 further solidifies the stock’s positive standing. In the broader context of the Power sector, specifically in Power – Integrated, Tata Power continues to shine as a symbol of optimism and growth in the market.

Tata Power Investment: ₹4,620 Profit from 150 Stocks on December 7, 2023

Purchase Details

  • Number of Stocks Bought: 150
  • Purchase Price per Stock: ₹295.00 (Opening Price on December 7, 2023, NSE)

Investment Calculation

  • Total Investment = Number of Stocks Bought Purchase Price per Stock
  • Total Investment = 150 * ₹295.00 = ₹44,250.00

Current Valuation (As of December 7, 2023, 03:59 pm IST, NSE):

  • Current Stock Price: ₹325.80

Profit Calculation

  • Current Value of Investment = Number of Stocks Bought * Current Stock Price
  • Current Value = 150 * ₹325.80 = ₹48,870.002.
  • Profit = Current Value of Investment – Total Investment
  • Profit = ₹48,870.00 – ₹44,250.00 = ₹4,620.00

Conclusion

If the investor bought 150 stocks of Tata Power Company on the previous day’s trading session, December 7, 2023, and sold them at the closing price, they would have made a profit of ₹4,620.00. This reflects a positive outcome and a favorable return on their investment.

FAQs

What contributed to Tata Power Company’s 11% stock surge on December 7, 2023?

Tata Power company’s stellar performance was fueled by its expertise in the power sector, contributing to a broader 3% rise in the entire power sector.

How did Tata Power perform on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE)?

On NSE, Tata Power’s stock rose by 10.75%, closing at ₹325.80, while on BSE, it surged by 10.76%, closing at ₹325.75.

What were the key statistics of Tata Power’s trading session, including volume and VWAP?

Tata Power witnessed active participation with 15,23,81,610 shares traded on NSE and 82,43,926 shares on BSE, with a Volume Weighted Average Price (VWAP) of ₹318.47 and ₹318.49, respectively.

What was the investor’s purchase and current valuation for 150 Tata Power stocks on December 7, 2023?

The investor purchased 150 stocks at ₹295.00 each, totaling ₹44,250.00. The current valuation stands at ₹48,870.00, resulting in a profit of ₹4,620.00.

How did Tata Power’s stock price fluctuate throughout the trading session on December 7, 2023?

Tata Power’s stock opened at ₹295.00, reached a high of ₹332.15 on NSE, and closed at ₹325.80, showcasing resilience. Despite minor fluctuations, the low remained strong at ₹292.15, emphasizing stability.

Disclaimer

The information provided in this blog is for general informational purposes only and should not be considered as professional financial or investment advice. Always conduct thorough research and seek advice from a qualified financial advisor before making any investment decisions. The blog author and publisher are not responsible for any actions taken based on the information provided in this blog. Any reliance on the content is at your own risk. Remember that the financial markets can be volatile, and past performance is not indicative of ture results. The company mentioned in the blog may have undergone changes or developments that are not reflected here. Please verify the information with credible sources before making any financial decisions.

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