Share price of Tata Power as Sensex gains 1141.35 points
Tata Power Company Ltd. 1.07 per cent to Rs 418.00 at 12:46PM (IST) in Monday's trade. The scrip hit a high of Rs 423.90 and low of Rs 417.25 so far during the session. The stock had closed at Rs 413.55 in the previous session.
The counter had a total traded volume of 12:46PM shares so far with a turnover of Rs 10.86 crore on BSE. The stock traded at a price-to-earnings multiple of 35.64 and a price-to-book ratio of 3.89.
A higher P/E 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.
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