Tata Power shares hit a 52-week high of Rs  276.50 on 8 September after 0.2% equity of the company changed hands in a block deal.

Around 52.5 lakh shares of Tata Power changed hands, representing 0.2% equity of the company changed hands via block deal for an average price of Rs 270 per share on NSE. The trade value of the deal was around Rs 155 crore. It has not been identified who the buyers or sellers are involved in this deal.

Tata Power is in the business of generating, transmitting, and distributing electricity and operates a diverse range of power plants, including hydro, thermal, and renewable energy. The company has a vast portfolio of customers in various segments, including commercial, industrial, and residential sectors.

In the company’s quarterly report for the April-June quarter, the company posted a 29.07% YoY increase in its net profit at Rs 1,141 crore. The company reported a 4.95% YoY increase in its revenue from operations at Rs 15,213 crore.

At 2:05 pm, the shares of Tata Power were trading at Rs 270.75 or 2.67% above its previous close on NSE.