Tata Power shares fall over 2%; brokerages raise valuation concerns

Shares of Tata Power Company, the electricity distribution arm of the Tata group, declined on Wednesday’s trading session, August 7. The stock was down around 2%, following the company’s modest 4% year-on-year growth in net profit for the June 2024 quarter.

The shares had opened positively at Rs 444 apiece on the National Stock Exchange (NSE), 1.6% higher than the previous s…

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