Tata Power shares decline 0.42% as Sensex climbs
Tata Power Company Ltd. traded at Rs 280.3 on BSE at 01:04PM (IST) on Tuesday, down 0.42 per cent from previous close.
The scrip quoted a 52-week low price of Rs 182.45 and a high of Rs 286.0.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 650,671 lakh shares changed hands on the counter till 01:04PM (IST).
The stock of Tata Power Company Ltd.
commands a market value of Rs 89469.51 crore.
The stock traded at a price-to-earning (P/E) multiple of 25.06, while the price-to-book value ratio stood at 2.11. Return on equity (ROE) was at 11.58 per cent, according to exchange data.
In the BSE500 pack, 231 stocks traded in the green, while 270 stocks were in the red.
Promotor Holding Promoters held 46.86 per cent in the Tata Power Company Ltd. as of 30-Jun-2023 while overseas and domestic institutional investors owned 9.75 per cent and 14.54 per cent, respectively.
