Tata Power shares up 0.86% as Nifty drops
A total of 368,655 shares changed hands on the counter till 11:52AM (IST).
NEW DELHI: Shares of traded 0.86 per cent up in Tuesday's trade at 11:52AM (IST). Around 368,655 shares changed hands on the counter.The stock opened at Rs 407.35 and touched an intraday high and low of Rs 412.25 and Rs 406.85, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 433.2 and a 52-week low of Rs 192.05.
Total market cap of the . stood at Rs 131312.48 crore at the time of writing this report.
Key Financials
The company reported consolidated 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-Dec-2023, domestic institutional investors held 5.42 per cent stake in the firm, while foreign institutional investors held 9.85 per cent and the promoters 46.86 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 36.69 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
