Tata Power shares gain 0.36% as Sensex rises
A total of 395,195 shares changed hands on the counter till 12:07PM (IST)
Shares of traded 0.36 per cent up at Rs 429.55 at 12:07PM (IST) on Monday, even as benchmark gained 424.06 points to 73512.39. The scrip had closed at Rs 428.0 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 444.1 and Rs 193.05, respectively.
As per BSE data, total traded volume on the counter till 12:07PM (IST) stood at 12:07PM shares with turnover at Rs 17.02 crore.
At the current price, the stock trades at 38.33 times its trailing 12-month earnings per share of Rs 11.2 per share and 2.11 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.73.
Shareholding Details
Promoters held 46.86 per cent stake in the company as of 31-Mar-2024, while FIIs owned 9.44 per cent and DIIs 15.41 per cent.
Source: Stocks-Markets-Economic Times
