Tata Power shares gain 0.61% as Sensex rises

Tata Power shares gain 0.61% as Sensex rises
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Synopsis

A total of 706,032 shares changed hands on the counter till 11:37AM (IST)

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of Tata Power Company Ltd. traded 0.61 per cent up at Rs 223.95 at 11:37AM (IST) on Wednesday, even as BSE benchmark Sensex gained 361.65 points to 57662.33. The scrip had settled at Rs 222.6 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 269.7 and Rs 89.0, respectively.

As per BSE data, total traded volume on the counter till 11:37AM (IST) stood at 11:37AM shares with turnover at Rs 15.88 crore.

At the prevailing price, shares of the company trades at 43.8 times its trailing 12-month earnings per share of Rs 5.11 per share and 1.58 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.73.

Shareholding Details
Promoters held 46.86 per cent stake in the company as of 31-Dec-2021, while FIIs owned 10.84 per cent and DIIs 15.57 per cent.

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