Multibagger Stock: A handful of companies have doubled investors’ money in the last 12 months amid the ongoing boom in the market. In the last 12 months, the shares of Tata Power have increased from Rs 57 to Rs 133.05 today. About 133 percent return in this period. In comparison, the Nifty 50 index has gained over 53 per cent and the S&P BSE Sensex has gained over 50 per cent.
The stock rose 1.5 percent to a high of Rs 133.05 on BSE. With a market capitalization of over Rs 42,000 crore, the stock is higher than the 20 day, 50 day, 100 day and 200 day moving averages but lower than the 5 day moving averages.
The company reported a net profit of Rs 465.69 crore for the quarter ended June 2021. The profit in the year-ago period was Rs 268.10 crore. Total income rose 55 per cent to Rs 10,145.89 crore in the June-ended quarter, from Rs 6,540.42 crore a year ago.
According to MarketsMoj, the company has declared positive results for five consecutive quarters. However, it is a high debt company with a debt to equity ratio (average) of 2.30 times.
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