Jul 12, 2012, 08.23 AM IST

Tata Power Company moves down 2%

Private power producer Tata Power Company dropped nearly 2% on Monday after the rating agency Standard & Poor's has revised rating outlook on the company to negative from stable, but affirmed 'BB-' long-term corporate credit rating.

Source: Moneycontrol.com
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Private power producer Tata Power Company dropped nearly 2% on Monday after the rating agency Standard & Poor's has revised rating outlook on the company to negative from stable, but affirmed 'BB-' long-term corporate credit rating.


At 15:04 hours IST, the share was trading at Rs 101.50, down Rs 1.95, or 1.88% with volumes of 2,16,101 equity shares.


On Friday, the share closed down 1.99% or Rs 2.10 at Rs 103.45.
 
Market capitalisation of the company currently stands at Rs 24,086.68 crore.


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