Tata Power 0.0% as Sensex climbs

Tata Power 0.0% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of 45.4, while the price-to-book value ratio stood at 1.58.

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Shares of Tata Power Company Ltd. traded at Rs 231.4 on BSE at 12:13PM (IST) on Thursday, 0.0 per cent from previous close.

The scrip quoted a 52-week low price of Rs 89.0 and a high of Rs 269.7.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 1,701,626 lakh shares changed hands on the counter till 12:13PM (IST).

The stock of Tata Power Company Ltd. commanded a market value of Rs 74067.97 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 45.4, 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, 253 stocks traded in the green, while 247 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.73.

Promotor/FII Holding
Promoters held 46.86 per cent in Tata Power Company Ltd. as of 31-Dec-2021 while foreign portfolio investors and domestic institutional investors owned 10.84 per cent and 4.48 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 173.18 on February 17, while the 50-DMA was at 232.4. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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