Tata Power shares  up  3.04% as Nifty  gains

A total of 479,413 shares changed hands on the counter till 10:35AM (IST).

NEW DELHI: Shares of traded 3.04 per cent up in Monday's trade at 10:35AM (IST). Around 479,413 shares changed hands on the counter.

The scrip opened at Rs 449.5 and touched an intraday high and low of Rs 457.45 and Rs 445.15, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 464.3 and a 52-week low of Rs 215.65.

Total market cap of the . stood at Rs 143630.51 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 16463.94 crore for the quarter ended 31-Mar-2024, up 7.65 per cent from previous quarter's Rs 15294.13 crore and up 23.55 per cent from the year-ago quarter's Rs 13325.3 crore.

The net profit for latest quarter stood at Rs 895.21 crore, up 15.11 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 5.59 per cent stake in the company, while foreign institutional investors held 9.44 per cent and the promoters 46.86 per cent.


Valuation ratio
According to data, the stock traded at a P/E multiple of 38.86 and a price-to-book ratio of 3.89. 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

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