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    Share price of Tata Power falls as Sensex drops 230.32 points

    Synopsis

    Promoters held 46.86 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 9.64 per cent and 4.04 per cent, respectively.

    macdGetty Images
    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.
    The share price of Tata Power Company Ltd. dropped 1.09 per cent to Rs 194.9 at 01:26PM (IST) in Thursday's trade. The scrip has hit a high of Rs 197.2 and low of Rs 194.25 so far during the session. The stock had closed at Rs 197.05 in the previous session.

    The counter has had a total traded volume of 157268 shares so far with a value of Rs 3.07 crore on the NSE. It traded at a price-to-earnings multiple of 20.35 and a price-to-book ratio of 3.4.

    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 reflects the price investors are willing to pay even for no growth in the business.

    The scrip declined 28.62 per cent during the past one year, while the 30-share index advanced 1.2 per cent during the same period.

    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 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 9.64 per cent and 4.04 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 14401.95 crore for the quarter ended 31-Dec-2022, up 1.56 per cent from the previous quarter's Rs 14181.07 crore and up 30.7 per cent from the year-ago quarter's Rs 11018.73 crore.

    Profit for the latest quarter stood at Rs 945.02 crore, up 121.93 per cent from the same quarter a year ago.
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