Tata Power slips 0.8% after Q2 profit jumps 48.6%

Tata Power Q2 profit rose 48.6% to Rs 1,366.1 crore, yet the stock slipped while its double bottom pattern stayed above the neckline. Tata Power Company Limited [ TATAPOWER ] reported consolidated Q2 FY27 net profit of Rs 1,366.1 crore, up 48.6% from Rs 919.4 crore a year ago. Revenue rose 26.3% to Rs 19,635.9 crore from Rs 15,544.9 crore. The profit includes an exceptional gain of Rs 119.2 crore, so growth without it is lower than the headline number. The board approved Rs 11,871 crore for a 1,800 MW pumped storage project in Maharashtra and appointed Sanjay Banga as CEO Designate, to become CEO and Managing Director from May 1, 2027. The stock still slipped 0.76% to Rs 357.25 on 12 November 2026, after a day high of 367.40 and a low of 355.80. Volume was 13.86 million shares. What next: The daily chart shows a double bottom, and the price had moved above its neckline near 355.35. A daily close below it may weaken the pattern, while holding above it keeps the structure intact. RSI is at 52.97, neutral. If buying returns, 378.05 is the next resistance the market may act on. Conclusion: Results are strong, but the pattern holds only above 355.35. Disclaimer: I do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.