Tata Power surges on expansion plans

Tata Power Company surged on Friday after media reports quoted that the private utility company aims to raise its generation capacity to 26 gigawatt(GW) by 2020, from the current 5.2 GW. Shares of The company are trading at Rs 103.10, up Rs 4.15, or 4.19% at the Bombay Stock Exchange (BSE) on Friday at 1:26 p.m.The company has completed the purchase of 51% equity shares of Tata BP Solar India which were held by BP Alternative Energy Holdings. The scrip has touched an intra-day high of Rs 103.25 and low of Rs 99.30. The total volume of shares traded at the BSE is 482,178.In the earlier session, the shares climbed 1.33%, or Rs 1.3, at Rs 98.95. Currently, the stock is trading down 22.48% from its 52-week high of Rs 133 and above 27.84% over the 52-week low of Rs 80.65.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 94.40 4.55 4.82 1 Month 94.35 4.60 4.88 3 Months 100.85 (1.90) (1.88) 6 Months 87.25 11.70 13.41 1 Year 130.36 (31.41) (24.09) Note: Based on previous day closing price.