Tata Power shares down 1.1% as Nifty drops
Tata Power Company Ltd. traded 1.1 per cent down in Friday's trade at 10:56AM (IST).
Around 390,855 shares changed hands on the counter.
The scrip opened at Rs 249.6 and touched an intraday high and low of Rs 251.65 and Rs 245.25, respectively, in the session so far. Shares of the company of Tata Power Company Ltd.
quoted a 52-week high of Rs 252.75 and a 52-week low of Rs 182.45.
Total market cap of the Tata Power Company Ltd. stood at Rs 78892.93 crore at the time of writing this report.
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 previous quarter's Rs 13325.3 crore and up 5.78 per cent from the year-ago quarter's Rs 14638.78 crore.
The net profit for latest quarter stood at Rs 972.49 crore, up 22.39 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 3.05 per cent stake in the firm, while foreign institutional investors held 9.75 per cent and the promoters 46.86 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 22.45 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.
