Tata Power shares down 2.44% as Nifty drops
A total of 397,449 shares changed hands on the counter till 12:02PM (IST).
NEW DELHI: Shares of traded 2.44 per cent down in Tuesday's trade at 12:02PM (IST). Around 397,449 shares changed hands on the counter.The counter opened at Rs 449.0 and touched an intraday high and low of Rs 449.0 and Rs 432.35, respectively, in the session so far. The stock of quoted a 52-week high of Rs 464.3 and a 52-week low of Rs 199.6.
As per , the total market cap of the . stood at Rs 142560.07 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 15294.13 crore for the quarter ended 31-Dec-2023, down 4.59 per cent from previous quarter's Rs 16029.54 crore and down 6.19 per cent from the year-ago quarter's Rs 14401.95 crore.
The net profit for latest quarter stood at Rs 953.01 crore, up 0.85 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 5.59 per cent stake in the company, while foreign institutional investors held 9.45 per cent and the promoters 46.86 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 38.53 and a price-to-book ratio of 2.11. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Source: Stocks-Markets-Economic Times
