Share price of Tata Power jumps as Sensex gains 190.92 points
Promoters held 46.86 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 9.86 per cent and 5.42 per cent, respectively.
The share price of gained 1.15 per cent to Rs 434.7 at 10:30AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 439.4 and low of Rs 431.15 so far during the session. The stock had closed at Rs 429.75 in the previous session.The counter has had a total traded volume of 587250 shares so far with a value of Rs 25.55 crore on the . It traded at a price-to-earnings multiple of 38.57 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 122.07 per cent during the past one year, while the 30-share index advanced 25.14 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-Dec-2023, while FIIs 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.
Source: Stocks-Markets-Economic Times
