Share price of Tata Power falls as Sensex gains 318.42 points

The share price of Tata Power Company Ltd. dropped 0.14 per cent to Rs 378.25 at 12:32PM (IST) in Friday's trade. The stock has hit a high of Rs 383.55 and low of Rs 376.4 so far during the session. The stock had closed at Rs 378.8 in the previous session.

The counter has had a total traded volume of 265754 shares so far with a value of Rs 10.08 crore on the NSE. It traded at a price-to-earnings multiple of 33.82 and a price-to-book ratio of 2.11.

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 gained 84.47 per cent during the past one year, while the 30-share index advanced 19.77 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-2023, while foreign investors and domestic institutional investors ownership stood at 9.86 per cent and 5.42 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 15294.13 crore for the quarter ended 31-Dec-2023, down 4.59 per cent from the previous quarter's Rs 16029.54 crore and down 6.19 per cent from the year-ago quarter's Rs 14401.95 crore.

Profit for the latest quarter stood at Rs 953.01 crore, up 0.85 per cent from the same quarter a year ago.

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