Tata Power rallies 5% on HSBC upgrade

Tata Power Company,one of the leadingprivate sectorpowergenerator,surged on Thursday after global firm HSBC has upgradedstock rating onthe company to "Overweight". It has also increased the target price to Rs 125. Shares of the company are trading at Rs 107.90, up Rs 5.25, or 5.11% at the Bombay Stock Exchange (BSE) on Thursday at 12:26 p.m.The scrip has touched an intra-day high of Rs 110.55 and low of Rs 101.10. The total volume of shares traded at the BSE is 1,392,787.In the earlier session, the shares fell 0.29%, or Rs 0.3, at Rs 102.65. Currently, the stock is trading down 11.19% from its 52-week high of Rs 121.50 and above 33.79% over the 52-week low of Rs 80.65.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 98.65 4.00 4.05 1 Month 98.20 4.45 4.53 3 Months 104.70 (2.05) (1.96) 6 Months 100.85 1.80 1.78 1 Year 100.60 2.05 2.04 Note: Based on previous day closing price.