Share price of Tata Power as Sensex gains 132.94 points
Tata Power Company Ltd. 0.66 per cent to Rs 425.95 at 12:39PM (IST) in Wednesday's trade. The counter hit a high of Rs 432.00 and low of Rs 424.40 so far during the session. The stock had closed at Rs 428.80 in the previous session.
The counter had a total traded volume of 12:39PM shares so far with a turnover of Rs 16.04 crore on BSE. The stock traded at a price-to-earnings multiple of 36.32 and a price-to-book ratio of 3.89.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Tata Power Company Ltd. belongs to the Power — Integrated industry.
Stock Trading
Macroeconomics Made Easy: Online Certification Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
Technical Analysis Demystified: A Complete Guide to Trading
By — Kunal Patel, Options Trader, Instructor
Stock Trading
Stock Valuation Made Easy
By — Rounak Gouti, Investment commentary writer, Experience in equity research
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Options Trading Course For Beginners
By — Chetan Panchamia, Options Trader
Stock Trading
Point & Figure Chart Mastery: A Comprehensive Trading Guide
By — Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor
