Share price of Tata Power jumps as Sensex gains 314.79 points
Promoters held 46.86 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 9.45 per cent and 5.59 per cent, respectively.
The share price of gained 1.63 per cent to Rs 432.1 at 10:20AM (IST) in Friday's trade. The stock has hit a high of Rs 436.5 and low of Rs 425.65 so far during the session. The stock had closed at Rs 425.15 in the previous session.The counter has had a total traded volume of 264155 shares so far with a value of Rs 11.42 crore on the . It traded at a price-to-earnings multiple of 37.71 and a price-to-book ratio of 3.89.
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 102.29 per cent during the past one year, while the 30-share index advanced 20.61 per cent during the same period.
belongs to the Power - Integrated industry.
Promotor/FII Holding
Promoters held 46.86 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 9.45 per cent and 5.59 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 16463.94 crore for the quarter ended 31-Mar-2024, up 7.65 per cent from the previous quarter's Rs 15294.13 crore and up 23.55 per cent from the year-ago quarter's Rs 13325.3 crore.
Profit for the latest quarter stood at Rs 895.21 crore, up 15.11 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
