Stock in focus: Tata Power

Tata Power will be the stock of trade on December 6. Well, the saga between Tata’s and Mistry is ongoing, but here is something which has bought some cheer to the group. Tata Power post market hours on December 5 has informed BSE that "Tata Power’s Strategic Engineering Division (Tata Power SED) has won a prestigious order from Ministry of Defence for supply of Command Post and Launcher of Pinaka Multi Rocket Launcher System (MRLS) (One Regiment) to Indian Army". The order won by the company is worth Rs 200 crore and includes supply of 20 launchers and 8 command posts.

The shares of the company are expected to open in green. The scrips in the last three months have fallen by seven per cent. However, on a YoY basis the stock has given a return of 14 per cent. Fifty-two-week high/low stands at Rs 84.45/55. On the other hand, the Indian markets are expected to open green amid  strong opening of Asian markets.