Tata Power shares up 0.93% as Nifty gains
Tata Power Company Ltd. traded 0.93 per cent up in Friday's trade at 10:45AM (IST). Around 2,117,761 shares changed hands on the counter.
The counter opened at Rs 333.0 and touched an intraday high and low of Rs 335.8 and Rs 326.35, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 335.8 and a 52-week low of Rs 182.45.
As per BSE, the total market cap of the Tata Power Company Ltd. stood at Rs 105126.67 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 16029.54 crore for the quarter ended 30-Sep-2023, up 3.52 per cent from previous quarter's Rs 15484.71 crore and up 13.03 per cent from the year-ago quarter's Rs 14181.07 crore.
The net profit for latest quarter stood at Rs 875.53 crore, up 6.89 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, DIIs held 3.97 per cent stake in the firm, while foreign institutional investors held 10.01 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 29.44 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.
