−25% from the high · +2.2% from the low
Short build-up into a 26-day expiry: futures OI +0.8% on a −2.5% day, the most call OI sits at 360, the most put OI at 360, max pain 370.
TATAPOWER futures closed at ₹352.45, +0.7% to spot, with 98% of open interest in the 27 Oct contract, and the 350 straddle prices a move of about ±4.5% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹352.45 | +2.30+0.7% | +9.2% | 44,000▲ +0.7% · +320 lots | 98 | 1,900 |
| 23 Nov53 days | ₹354.35 | +4.20+1.2% | +8.3% | 860▲ +4.4% · +36 lots | 1.9 | 200 |
| 29 Dec89 days | ₹356.55 | +6.40+1.8% | +7.5% | 22▲ +1000.0% · +20 lots | 0.05 | 33 |
2.0% of futures OI sits beyond the 27 Oct contract · 36 of 51 listed contracts traded · 19,000 option contracts changed hands
The 350 straddle closed at ₹15.90 (call 9.15 + put 6.75), pricing a move of about ±4.5% by the 27 Oct expiry. In the last 253 windows of 19 sessions, TATAPOWER moved more than that 91 times.
After the last 8 bulletins, TATAPOWER closed higher five sessions later in 7 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 17 SeptTata Power expands renewable capacity to 12.3 GW with new project | ▲ +1.6%Nifty +0.3% · +1.2 pp | ▼ −0.5%Nifty +0.6% · −1.1 pp | ▼ −0.4%Nifty −0.6% · +0.1 pp | ▼ −1.9%short covering |
| 29 JulTata Power Q1 profit up 11%, board approves ₹4,500 cr NCD issue | ▼ −0.3%Nifty +0.3% · −0.6 pp | ▲ +0.9%Nifty +0.6% · +0.4 pp | ▲ +0.4%Nifty +1.6% · −1.2 pp | ▼ −0.5%long unwinding |
| 29 JulCiti sees 41% upside for Tata Power shares | ▼ −0.3%Nifty +0.3% · −0.6 pp | ▲ +0.9%Nifty +0.6% · +0.4 pp | ▲ +0.4%Nifty +1.6% · −1.2 pp | ▼ −0.5%long unwinding |
| 29 JulTata Power plans 10 GW solar manufacturing facility | ▲ +1.6%Nifty +1.1% · +0.5 pp | ▲ +1.2%Nifty +1.4% · −0.1 pp | ▲ +3.1%Nifty +2.7% · +0.5 pp | ▼ −0.8%short covering |
| 29 JulTata Power Q1 PAT rises 11% driven by renewables | ▲ +1.6%Nifty +1.1% · +0.5 pp | ▲ +1.2%Nifty +1.4% · −0.1 pp | ▲ +3.1%Nifty +2.7% · +0.5 pp | ▼ −0.8%short covering |
| 28 JulTata Power Q1 profit exceeds estimates with record capex | ▲ +1.6%Nifty +1.1% · +0.5 pp | ▲ +1.2%Nifty +1.4% · −0.1 pp | ▲ +3.1%Nifty +2.7% · +0.5 pp | ▼ −0.8%short covering |
| 28 JulTata Power plans Odisha wafer-ingot facility by January 2028 | ▲ +1.6%Nifty +1.1% · +0.5 pp | ▲ +1.2%Nifty +1.4% · −0.1 pp | ▲ +3.1%Nifty +2.7% · +0.5 pp | ▼ −0.8%short covering |
| 28 JulTata Power targets January 2028 for Odisha facility | ▼ −1.6%Nifty 0.0% · −1.6 pp | 0.0%Nifty +1.1% · −1.1 pp | ▲ +0.7%Nifty +2.6% · −1.9 pp | ▲ +4.4%short build-up |
Revenue ₹19,051 cr, +5.6% on a year earlier; profit ₹1,401 cr, +11% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 27 Jul | ₹19,051 cr | ▲ +5.6% | ₹1,401 cr | ▲ +11% | 3.67 | ▼ −1.6%Nifty 0.0% · −1.6 pp |
| Mar 2026filed 12 May · audited | ₹14,900 cr | ▼ −13% | ₹1,416 cr | ▲ +8.4% | 3.11 | ▼ −3.3%Nifty +0.1% · −3.5 pp |
| Dec 2025filed 4 Feb | ₹13,948 cr | ▼ −9.4% | ₹1,194 cr | ▲ +0.57% | 2.41 | ▼ −1.9%Nifty −0.5% · −1.4 pp |
| Sept 2025filed 11 Nov | ₹15,545 cr | ▼ −0.97% | ₹1,245 cr | ▲ +14% | 2.88 | ▼ −1.8%Nifty +0.7% · −2.5 pp |
| Jun 2025filed 1 Aug | ₹18,035 cr | ▲ +4.3% | ₹1,262 cr | ▲ +6.2% | 3.31 | ▼ −0.6%Nifty +0.6% · −1.2 pp |
| Mar 2025filed 14 May · audited | ₹17,096 cr | ▲ +7.9% | ₹1,306 cr | ▲ +25% | 3.26 | ▲ +0.3%Nifty +1.6% · −1.4 pp |
| Dec 2024filed 4 Feb | ₹15,391 cr | ▲ +5.0% | ₹1,188 cr | ▲ +10% | 3.22 | ▲ +1.1%Nifty −0.2% · +1.3 pp |
| Sept 2024filed 30 Oct | ₹15,698 cr | ▼ −0.26% | ₹1,093 cr | ▲ +7.4% | 2.90 | ▲ +3.1%Nifty −0.6% · +3.6 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹62,429 cr | ▼ −4.7% | ₹5,118 cr | ▲ +7.2% | 11.71 |
| FY25to Mar 2025 | ₹65,478 cr | ▲ +6.6% | ₹4,775 cr | ▲ +12% | 12.41 |
| FY24to Mar 2024 | ₹61,449 cr | — | ₹4,280 cr | — | 11.55 |
TATAPOWER trades at 29 times trailing earnings against 27 for its industry, 2.4 times book value, revenue −4.2% over twelve months, a 1.4% dividend yield, market cap ₹1,10,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| ADANIPOWERAdani Power Limited | 3,80,000 cron 1 Oct | 27consolidated | 5.7 | ₹196.20 |
| TATAPOWERTata Power Company Limited | 1,10,000 cron 1 Oct | 29consolidated | 2.4 | ₹350.15 |
| TORNTPOWERTorrent Power Limited | 63,000 cron 1 Oct | — | 3.2 | ₹1,242.90 |
| CESCCESC Limited | 17,000 cron 1 Oct | — | 1.3 | ₹131.60 |
| RELINFRAReliance Infrastructure Limited | — | — | — | — |
Promoters hold 46.9%, foreign portfolio investors 10.0%, mutual funds 9.1% and insurance companies 7.5%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 46.860.00 pp | 46.860.00 pp | 46.860.00 pp | 46.860.00 pp | 46.86 |
| Foreign portfolio investors | 10.03▼ −0.01 pp | 10.04▲ +0.04 pp | 10.00▼ −0.19 pp | 10.19▲ +0.14 pp | 10.05 |
| Mutual funds | 9.11▼ −0.04 pp | 9.15▲ +0.26 pp | 8.89▼ −0.66 pp | 9.55▼ −0.45 pp | 10.00 |
| Insurance companies | 7.46▼ −0.31 pp | 7.77▲ +0.38 pp | 7.39▲ +1.44 pp | 5.95▲ +0.75 pp | 5.20 |
| Banks and financial institutions | 1.85▲ +0.49 pp | 1.36▲ +0.13 pp | 1.23▲ +0.07 pp | 1.16▲ +0.09 pp | 1.07 |
| Individual investors | 22.52▼ −0.33 pp | 22.85▼ −0.81 pp | 23.66▼ −0.67 pp | 24.33▼ −0.48 pp | 24.81 |
| Bodies corporate | 0.74▲ +0.05 pp | 0.690.00 pp | 0.69▼ −0.02 pp | 0.71▼ −0.17 pp | 0.88 |
| Government | 0.010.00 pp | 0.010.00 pp | 0.010.00 pp | 0.010.00 pp | 0.01 |
| Other foreign holders | 0.000.00 pp | 0.000.00 pp | 0.00▼ −0.01 pp | 0.010.00 pp | 0.01 |
| Others | 1.42▲ +0.15 pp | 1.270.00 pp | 1.27▲ +0.03 pp | 1.24▲ +0.12 pp | 1.12 |
Nothing upcoming on record; the last was a dividend of ₹2.50 a share, ex-date 23 Jun 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 23 Jun 2026 | dividend | ₹2.50 | 23 Jun 2026 | BSE |
| 20 Jun 2025 | dividend | ₹2.25 | 20 Jun 2025 | BSE |
| 4 Jul 2024 | dividend | ₹2.00 | 4 Jul 2024 | BSE |
TATAPOWER is −3.8% over 20 sessions against Nifty's −6.2%, 25% below its 52-week high, realised volatility 20% annualised.
| Window | From ₹ | TATAPOWER % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹383.81 | ▼ −8.8% | ▼ −9.1% | +0.29 |
| 120 sessionssince 9 Apr | ₹394.71 | ▼ −11% | ▼ −5.7% | −5.6 |
| 60 sessionssince 8 Jul | ₹372.10 | ▼ −5.9% | ▼ −6.1% | +0.21 |
| 20 sessionssince 2 Sept | ₹363.98 | ▼ −3.8% | ▼ −6.2% | +2.4 |
| 5 sessionssince 24 Sept | ₹363.45 | ▼ −3.7% | ▼ −2.8% | −0.88 |
| 1 sessionsince 30 Sept | ₹359.02 | ▼ −2.5% | ▼ −0.88% | −1.6 |
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