Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at โน43,559 crore at the end of March 2021 compared to the companyโs market capitalisation of โน44,447 crore.
If riding a bucking bronco is your idea of fun, youโre going to love what the stock market has in store. Consider this past weekโs ride a preview.The weekโs action didnโt look like much, if you didnโt know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.
