Tata Power shares fall 2.34% as Nifty drops

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As the benchmark BSE Sensex fell 743.52 points to 58902.63 on Monday at roughly 1:35 PM (IST), shares of Tata Power Company Ltd NSE -3.65% traded 2.34 percent down at Rs 227.25.

On the counter, 1,679,649 shares worth a total of Rs 38.33 million were exchanged.

The stock's price ranged from a 52-week high of Rs. 298.0 to a 52-week low of Rs. 121.75.

On the technical charts, the stock's 200-DMA was 231.66 rupees, and its 50-DMA was 220.86 rupees. A stock is often in an uptrend if it trades above its 50 and 200 DMAs.

On the other hand, a stock is said to be in a bearish trend if it trades below both the 50-day moving average and the 200-day moving average, and it can move in any direction if it trades between these two moving averages.

During the last year, the company's shares have increased by 79.79%, while the Sensex has up by 8.28%.

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