Tata Power shares up 0.56% as Nifty gains

As of 11:00AM (IST), the counter saw total traded volume of 240,674 shares with a traded value of Rs 10.85 crore, according to .

The stock had closed at Rs 447.9 in the previous session.

The scrip has advanced 8.9 per cent in the past one month till date, while the benchmark BSE has gained 2.9 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 38.9 while price-to-book ratio stood at 3.89. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Power - Integrated industry.

Promoter/FII Holding
Promoters held 46.86 per cent stake in the company as of 31-Mar-2024, while FII and MF ownership in the firm stood at 9.45 per cent and 5.59 per cent, respectively.

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 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 net profit for the latest quarter stood at Rs 895.21 crore, up 15.11 per cent from the same quarter a year ago.