In the latest market update, Tata Power’s share price stands at ₹248.15, reflecting a decline of -2.65% from yesterday’s closing at ₹254.95. 

Key Share Price Details:

• Close: ₹249.1, High: ₹254, Low: ₹247.2
• Open: ₹249.95, High: ₹252.00, Low: ₹248.90, Prev Close: ₹249.55
• Trading at Rs 249.60, marking a -2.08% decrease compared to the last closing price
• Performance: 22.75% increase this year, 7.62% in the last 5 days
• Market Capitalization: Rs. 78.41 trillion crore
• 52-week High: ₹269.70, 52-week Low: ₹89.95
• PB Ratio: 2.64

Possible Reasons for Share Price Decline:

1. Asset Monetization Impact (June 2023): Reports on asset monetization led to a more than 3% drop in Tata Power’s shares.
2. Global Coal Cost Influence: Falling global coal costs affected Tata Power, as noted by research analyst.
3. Greener Future Challenges: Concerns about limited growth in Tata Power, attributed to efforts towards a greener future.
4. Mundra Unit Operation Issues (March 2023): Tata Power might face challenges operating its 4,000 MW Mundra unit without clearing dues from distribution companies.
5. Outstanding Dues to Coal Sector: The Coal Ministry disclosed that the power sector owed approximately Rs 20,342.56 crore to coal PSUs.
6. Demand-Supply Gap: Despite the rising demand for power in India, Tata Power faced challenges in capitalizing on this trend.

Broader Market Factors:

• Geo-Political Tensions: The Israel-Hamas war and its impact on global markets.
• Currency Strength: The strength of the US dollar affecting Indian markets.
• Foreign Institutional Investors (FIIs) Selling: Selling activities by FIIs contributing to market fluctuations.
• Q2 Results 2023 Below Estimates: Disappointing Q2 results in 2023 influencing market sentiment.
• Rising Inflation Concerns: Growing concerns about inflation adding to the market downturn.

Stay tuned for further updates on Tata Power and the dynamic stock market landscape.