Tata Power shares drop 1.66% as Sensex falls

Tata Power shares drop 1.66% as Sensex falls
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Synopsis

A total of 632,365 shares changed hands on the counter till 01:01PM (IST)

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
Shares of . traded 1.66 per cent down at Rs 204.2 at 01:01PM (IST) on Friday, even as BSE benchmark Sensex dropped 495.95 points to 59857.32. The scrip had settled at Rs 207.65 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 298.0 and Rs 190.0, respectively.

As per BSE data, total traded volume on the counter till 01:01PM (IST) stood at 01:01PM shares with turnover at Rs 13.03 crore.

At the prevailing price, shares of the company trades at 25.7 times its trailing 12-month EPS of Rs 7.96 per share and 3.4 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 30-Jun-2022, while FIIs owned 10.1 per cent and DIIs 14.69 per cent.
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