Share price of Tata Power jumps as Sensex gains 204.14 points
A total of 596,775 shares changed hands on the counter till 11:31AM (IST)
Share price of gained 0.68 per cent to Rs 450.4 at 11:31AM (IST) in Monday's trade. The counter hit a high of Rs 452.45 and low of Rs 445.1 so far during the session. The stock had closed at Rs 447.35 in the previous session.The counter had a total traded volume of 11:31AM shares so far with a turnover of Rs 26.8 crore on . The stock traded at a price-to-earnings multiple of 38.82 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 is the measure of the price that investors are ready to pay even for no growth in the business.
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 foreign investors and domestic institutional investors ownership stood at 9.44 per cent and 15.41 per cent, respectively.
Key Financials
The company reported consolidated net 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.
Its 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
