Share price of Tata Power falls as Sensex gains 299.85 points
Tata Power Company Ltd. dropped 0.25 per cent to Rs 221.2 at 01:06PM (IST) in Tuesday's trade.
The scrip hit a high of Rs 223.1 and low of Rs 220.25 so far during the session. The stock had closed at Rs 221.75 in the previous session.
The counter had a total traded volume of 01:06PM shares so far with a turnover of Rs 4.06 crore on BSE. The stock traded at a price-to-earnings multiple of 21.2 and a price-to-book ratio of 2.11.
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.Promotor/FII Holding Promoters held 46.86 per cent stake in the company as of 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 9.45 per cent and 14.09 per cent, respectively.Key Financials The company reported consolidated net sales of Rs 13325.3 crore for the quarter ended 31-Mar-2023, down 7.48 per cent from the previous quarter's Rs 14401.95 crore and down 9.05 per cent from the year-ago quarter's Rs 12219.36 crore. Its profit for the latest quarter stood at Rs 777.73 crore, up 54.58 per cent from the same quarter a year ago.
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