Tata Power shares 1.18% as Sensex rises
Tata Power Company Ltd. traded 1.18 per cent at Rs 404.60 at 10:35AM (IST) on Tuesday, even as BSE benchmark Sensex 328.28 points to 78868.45.
The scrip had settled at Rs 399.85 in the previous session. The stock quoted a 52-week high price of Rs 494.85 and 52-week low of Rs 319.80, respectively. As per BSE data, total traded volume on the counter till 10:35AM (IST) stood at 102621 shares with a turnover of Rs 4.12 crore.
At the current price, the stock traded at 34.48 times its trailing 12-month EPS of Rs 11.72 per share and 3.89 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.7336.
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