Shares of Tata Power went down by 3% in morning trade

Shares of Tata Power transpired by 3% in early trade about the bourses today, despite the company reporting a rise in profit for the first 3 months of the current fiscal.

Tata Energy lost 3. 06% to an earlier low of Rs 1, 140 about the NSE. Similarly, on the BSE, the actual stock fell by 2. 80% to the touch a low of Rs 1, 141.

The stock from the power utility was the worst performer one of the Sensex blue-chips in morning industry today.

Tata Power yesterday submitted a 5% rise in revenue after tax to Rs 281. 56 crore for that first three months of the present fiscal.

The leading power power had registered a profit following tax of Rs 268. 98 crore within the April-June period of the prior fiscal.

On a standalone foundation, the company's revenues rose in order to Rs 1, 921. 24 crore within the June quarter from Rs 1, 867. 90 crore in the same period last year.

The fall in the stock is at tandem with the sluggish trend within the broader market, with the BSE standard Sensex index trading at seventeen, 071. 80, down by fifty eight. 71 points, at 0940 several hours.