Tata Power Co. Stock Declines -3.01% in Line with Sector Performance on November 12

Tata Power Company, a leading player in the power generation and distribution industry, saw a decline of -3.01% in its stock price on November 12, 2024. This was in line with the overall underperformance of the sector, with the stock falling -2.17% below the sector's performance. The stock has been on a downward trend for the past four days, with a total decline of -6.55% during this period. On November 12, the stock touched an intraday low of Rs 418.5, reflecting a -3.01% decrease. Tata Power Co. is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock's performance. In comparison to the overall market performance, Tata Power Company's stock saw a decline of -2.99% on November 12, while the Sensex only fell by -0.58%. Over the past month, the stock has also underperformed the Sensex, with a decline of -9.20% compared to the Sensex's -2.88% decrease. While there has been no mention of any specific reasons for the decline in Tata Power Company's stock price, investors may want to closely monitor the company's performance in the coming days. As always, it is important to do thorough research and consult with a financial advisor before making any investment decisions.