Share price of Tata Power Company Ltd. jumps as Sensex gains 330.46 points

Share price of Tata Power Company Ltd. jumps as Sensex gains 330.46 points
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Synopsis

Promoters held 46.86 per cent stake in the company as of 31-Dec-2020, while FII and DII ownership stood at 12.44 per cent and 11.36 per cent, respectively.

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Back home a gradual easing of lockdown measures in major global economies lifted domestic equity benchmarks for the third session in a row.

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The share price of Ltd. gained 3.29 per cent to Rs 106.75 at 11:33AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 107.25 and low of Rs 102.35 so far during the session. The stock had closed at Rs 103.35 in the previous session.

The counter has had a total traded volume of 1727960 shares so far with a value of Rs 18.12 crore on the NSE. It traded at a price-to-earnings multiple of 29.97 and a price-to-book ratio of 0.49.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 253.15 per cent during the past one year, while the 30-share index advanced 71.41 per cent during the same period.

Tata Power Company Ltd. belongs to the Power - Integrated industry.

Promotor/FII Holding
Promoters held 46.86 per cent stake in the company as of 31-Dec-2020, while overseas investors and domestic institutional investors ownership stood at 12.44 per cent and 11.36 per cent, respectively.

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

Profit for the latest quarter stood at Rs 248.21 crore, up 38.77 per cent from the same quarter a year ago.

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