Tata Power shares rise 1.22% as Sensex slides

Tata Power shares rise 1.22% as Sensex slides
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A total of 2,037,470 shares changed hands on the counter till 10:20AM (IST)

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India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
Shares of the Company Ltd. traded at Rs 244.6 on BSE at 10:20AM (IST) on Tuesday, up 1.22 per cent from previous close.

The scrip quoted a 52-week low price of Rs 55.95 and a high of Rs 269.7.

Earlier, the stock saw a gap up opening in the morning.

A total of 2,037,470 lakh shares changed hands on the counter till 10:20AM (IST).

The stock of Tata Power Company Ltd. commands a market value of Rs 78477.54 crore.

The stock traded at a price-to-earning (P/E) multiple of 53.99, while the price-to-book value ratio stood at 1.58. Return on equity (ROE) was at 5.41 per cent, according to exchange data.

In the BSE500 pack, 329 stocks traded in the green, while 171 stocks were in the red.

Promotor Holding
Promoters held 46.86 per cent in the Tata Power Company Ltd. as of 30-Sep-2021 while foreign portfolio investors and domestic institutional investors owned 11.06 per cent and 19.9 per cent, respectively.

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