Tata Power shares down 0.79% as Nifty falls
Tata Power Company Ltd. rose 0.79 per cent to Rs 233.05 in Thursday's trade. It hit an intraday high of Rs 235.9 and low of Rs 231.9, respectively, during the day.
The stock quoted a 52-week high price of Rs 251.0 and low of Rs 182.45. As of 01:39PM (IST), the counter saw total traded volume of 231,158 shares with a traded value of Rs 540.0 crore, according to NSE. The stock had closed at Rs 234.9 in the previous session.
The scrip has advanced 4.3 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.41 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 21.17 while price-to-book ratio stood at 2.11. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Power — Integrated industry.Promoter/FII Holding Promoters held 46.86 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 9.76 per cent and 3.05 per cent, respectively.Key Financials The company reported consolidated sales of Rs 15484.71 crore for the quarter ended 30-Jun-2023, up 16.21 per cent from the previous quarter's Rs 13325.3 crore and up 5.78 per cent from the year-ago quarter's Rs 14638.78 crore. Its net profit for the latest quarter stood at Rs 972.49 crore, up 22.39 per cent from the same quarter a year ago.
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