InvestorQ : What should I do with Tata Power shares that I currently own because profits have fallen sharply on the stock?
Rutuja Nigam made post

What should I do with Tata Power shares that I currently own because profits have fallen sharply on the stock?

Answer
image
Arti Chavan answered.
2 years ago
Follow

Tata Power for the June quarter saw its net sales up by 6.2% at Rs.7767 crore but then net profits were sharply down by 91% at Rs.151 crore. The lower profits were largely driven by an exceptional loss of Rs.293 crore which took the profits lower very sharply. While the stock is available nearly 35% below its peak price, you should remain cautious because the power policy is still not too clear. Ideally, if you are long in the stock, you can hold on but fresh entry is not advisable.

5 Views