Tata Power Company Ltd. shares down 2.67% as Nifty drops

Tata Power Company Ltd. shares down 2.67% as Nifty drops
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Synopsis

A total of 2,388,625 shares changed hands on the counter till 12:56PM (IST).

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NEW DELHI: Shares of Ltd. traded 2.67 per cent down in Monday's trade at 12:56PM (IST). Around 2,388,625 shares changed hands on the counter.

The scrip opened at Rs 105.3 and touched an intraday high and low of Rs 105.5 and Rs 100.5, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 114.95 and a 52-week low of Rs 27.0.

Total market cap of the Tata Power Company Ltd. stood at Rs 32768.21 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 7702.84 crore for the quarter ended 31-Dec-2020, down 8.75 per cent from previous quarter's Rs 8441.6 crore and down 7.94 per cent from the year-ago quarter's Rs 7136.04 crore.

The net profit for latest quarter stood at Rs 248.21 crore, up 38.77 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2020, DIIs held 11.36 per cent stake in the firm, while foreign institutional investors held 12.44 per cent and the promoters 46.86 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 28.82 and a price-to-book ratio of 0.49. 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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