Share price of Tata Power jumps as Sensex gains 889.84 points
Tata Power Company Ltd. gained 2.3 per cent to Rs 282.1 at 10:45AM (IST) in Monday's trade. The counter hit a high of Rs 286.0 and low of Rs 280.3 so far during the session.
The stock had closed at Rs 275.75 in the previous session.
The counter had a total traded volume of 10:45AM shares so far with a turnover of Rs 21.06 crore on BSE. The stock traded at a price-to-earnings multiple of 25.23 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 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 9.75 per cent and 14.54 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 16029.54 crore for the quarter ended 30-Sep-2023, up 3.52 per cent from the previous quarter's Rs 15484.71 crore and up 13.03 per cent from the year-ago quarter's Rs 14181.07 crore.
