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Shares of the lender have been a big underperformer in 2023, as it dropped nearly 20%. However, much of this fall has been triggered by expectations of stake sale by peer lenders following the expiry of the 3-year lock-in period.

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 15.21 per cent and domestic institutional investors had 4.59 per cent.

The Board of Family Care Hospitals has approved the split of the nominal value of its equity shares from Rs 10 each to Re 1 each. The split will help in increasing the liquidity in the market, with the aim of making the shares more affordable for new investors. Further, the Board has approved keeping the paid-up share capital unchanged, and it has rejected the proposal for issuing bonus shares. The stock split will result in the stock price being adjusted on the ex-split date according to the split ratio, and shares of Family Care Hospitals were trading higher by 0.85% on Friday.

While share performance of the lender was muted in 2023, it still managed to give positive returns of 0.4%, against the 2% losses in Nifty 50. In the last 1 year, the stock has given close to 19% returns compared to the 3% returns by Nifty 50.

Tata Power Company, incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 62596.70 Crore) operating in Power sector.

Here’s a timeline of its products launched by the company.

The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.0.

A total of 4,077 shares changed hands on the counter till 01:17PM (IST)

The stock quoted a 52-week high price of Rs 4901.0 and low of Rs 3365.9.

The stock is trading at ~15x FY25E EPS, which offers a margin of safety.