Tata Power shares down 0.34% as Nifty drops
Tata Power Company Ltd. traded 0.34 per cent down in Monday's trade at 01:44PM (IST). Around 4,260,484 shares changed hands on the counter.
The stock opened at Rs 400.15 and touched an intraday high and low of Rs 441.4 and Rs 400.15, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 444.1 and a 52-week low of Rs 193.05.
Total market cap of the Tata Power Company Ltd. stood at Rs 139125.08 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 15294.13 crore for the quarter ended 31-Dec-2023, down 4.59 per cent from previous quarter's Rs 16029.54 crore and down 6.19 per cent from the year-ago quarter's Rs 14401.95 crore.
The net profit for latest quarter stood at Rs 953.01 crore, up 0.85 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, domestic institutional investors held 5.42 per cent stake in the company, while foreign institutional investors held 9.85 per cent and the promoters 46.86 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 38.88 and a price-to-book ratio of 2.11. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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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