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[hfe_template id='11223'] [ad_1] Shares of Tata Power rallied 2.9% to an intraday high of Rs 439.50 on the BSE on Thursday after the company reported a net profit (before exceptional items) of Rs 1,533 crore for the September 2024 quarter, compared with Rs 1,017 crore in the same quarter last year. This represents a 51% year-on-year (YoY) increase. Meanwhile, revenue from operations fell 1% YoY to Rs 15,247 crore. Consolidated EBITDA for the quarter rose 23% to Rs 3,808 crore, driven by increased solar manufacturing, favorable regulatory developments in distribution, and enhanced operational efficiency across businesses. The company also stated that it is well on track with its planned capital expenditure (Capex) for the financial year, having spent Rs 9,100 crore during H1 out of a total of Rs 20,000 crore. The transmission portfolio now stands at 7,049 circuit kilometers (Ckm), including 4,633 Ckm that are commissioned and 2,416 Ckm currently under construction. Also r...

[hfe_template id='11223'] [ad_1] Synopsis The markets extended their gains but faced resistance at key levels, with the Nifty ending up by 104.70 points. Tata Power shows potential for a breakout from its consolidation range, while Honasa Consumer has broken out from its horizontal trendline resistance, indicating a possible 7% rise in stock price. There was a smart extension of the upmove by the markets; however, they also resisted the key resistance levels before coming off from their high point. The Nifty saw a positive opening to the session; it slipped into negative territory in the first hour of the trade. After that, a smart rally followed with took the Nifty well above the psychologically important 25000 level at 25130. Given the existence of strong pattern resistance there, the ETMarkets.com Sep 11, 2024, 05:45:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read it for free. Gifting Limit Reached! Hey , no more stories...