Shares of Tata Power gained 5 per cent to hit a fresh 52-week high on Friday amid reports that Gujarat has approved a revised power supply pact with Tata Power. The stock started the trading session at Rs 402, up from the previous close of Rs 398.50 on the BSE. The scrip gained further amid a spurt in trading volume by more than 2.80 times and touched the intraday high of Rs 418.4, representing a gain of 4.99 per cent. This is also the stock’s fresh 52-week high. The stock’s 52-week low was Rs 332.10, reached on March 7, 2025. The counter has gained after two days of consecutive fall and technically trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Last seen, the stock was trading at Rs 407.65 with a gain of 2.30 per cent, and the market cap of the company stood at Rs 1,30,258.02 crore.
