Share price of Tata Power falls as Sensex drops 434.78 points

Share price of Company Ltd. dropped 1.06 per cent to Rs 228.0 at 12:20PM (IST) in Thursday's trade. The scrip hit a high of Rs 234.45 and low of Rs 226.25 so far during the session. The stock had closed at Rs 230.45 in the previous session.

The counter had a total traded volume of 12:20PM shares so far with a turnover of Rs 146.33 crore on BSE. The stock traded at a price-to-earnings multiple of 55.62 and a price-to-book ratio of 1.58.

A higher price-to-earnings 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 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.

Promotor/FII Holding
Promoters held 46.86 per cent stake in the company as of 30-Sep-2021, while overseas investors and domestic institutional investors ownership stood at 11.06 per cent and 19.9 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 10145.89 crore for the quarter ended 30-Jun-2021, down 0.75 per cent from the previous quarter's Rs 10222.48 crore and down 55.13 per cent from the year-ago quarter's Rs 6540.42 crore.

Its profit for the latest quarter stood at Rs 391.03 crore, up 89.25 per cent from the same quarter a year ago.