Tata Power hits 52-week low ahead of results

Tata Power shares hit a 52-week low of Rs 560 on Monday, ahead of its results declaration later in the day.

By ET Online | Oct 27, 2008, 10.37 AM IST

MUMBAI: Tata Power shares hit a 52-week low of Rs 560 on Monday, ahead of its results declaration later in the day.

Analysts expect a lacklustre performance from this utility company. It is forecast to report a revenue growth of 45 per cent year-on-year to Rs 1,960 crore in the September 2008 quarter, while net profit is expected to rise a mere 4 per cent y-o-y to Rs 170 crore.

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