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Tata Power stock slips 9% post Q4 earnings, here's why

Shares of Tata Power fell 9 percent in early trade today despite the Tata Group firm reporting a decent set of earnings in Q4 of the last fiscal. Analysts cited underperformance in coal-related business as a key factor behind the fall in stock. Tata Power stock touched an intraday low of Rs 223.05, falling 9.03 per cent on Monday. The large-cap stock opened with a loss of 4.02% at Rs 235.35 against the previous close of Rs 245.20 on BSE. The share stands higher than 50-day, 100-day and 200-day ...
Madhya Pradesh Pavitraa Shetty Santosh Meena Tata Group Head Of Research At Swastika Investmart Tata Power

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