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Tata Power Company Shares Climb 3.5 Percent, Stock Market Updates

On Wednesday, power stocks were trading on a mixed note; Tata power’s shares climbed over 3 percent.

After a slump in the past weeks, the company is up after recognizing renewables, and distribution business as growth drivers. The company told BSE about its plans for national distribution footprint expansion. The company is set to leverage technology to expand solar pumps and rooftop solars and aim to develop innovative and low-carbon solutions for consumers via EV charging, Home Automation, and ESCO.

Amongst Tata power, the top gainers include Adani Green (up 1.52%), Power Grid Corporation of India (up 0.7%), KEC International (up 0.63%), and Siemens (up 0.31%). While the chart for top losers in the index includes Adani Transmissions (down 2.0%), Adani Power (down 1.83%), NTPC (down 1.16%), CESC (down 0.87%), and NHPC (down 0.45%).

BSE Sensex was trading at 38962.47 up 118.59 points, while the index for benchmark NSE Nifty50 was up 45.70 points at 11517.95. And, the power index for S&P BSE was trading at 1742.66, 0.13% up.

There were 28 stocks trading in the green and 22 in the red amongst the 50 stocks in the Nifty index. The most-traded shares on the NSE consisted of shares of YES Bank, Tata Power, Vodafone Idea, Ibull HousingFin, and Tata Motors. 

In today’s trade, shares of P&G health, Hero MotoCorp, Firstsource Sol, Bajaj Elec., and Affle (India) Ltd. hit a new 52 weeks high. The shares with their fresh 52 weeks low in trade include Leading Leasing Finance, Svaraj Trading & Agencies Ltd., Vas Infrastructure Ltd., Darshan Orna Ltd., Libord Finance Ltd., N2N Technologies Ltd., Omansh Enterprises Ltd., Ajwa Fun World & Resorts Ltd., CLIO Infotech Ltd., and Shri Niwas Leasing and Finance Ltd.

Veronica Maki

Veronica Maki is FinancePlush's news editor. She always help junior writers with her recommendations of what you should be writing and what to post. She also writes in-depth news articles on recent events of finance and banking industry.

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