Tata Power shares up 1.18% as Nifty gains

NEW DELHI: Shares of Tata Power Company Ltd. traded 1.18 per cent up in Monday's trade at 11:06AM (IST). Around 312,257 shares changed hands on the counter.

The stock opened at Rs 208.7 and touched an intraday high and low of Rs 210.2 and Rs 208.15, respectively, in the session so far. Shares of the company of Tata Power Company Ltd. quoted a 52-week high of Rs 298.0 and a 52-week low of Rs 190.0.

As per BSE, the total market cap of the Tata Power Company Ltd. stood at Rs 66974.32 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 14181.07 crore for the quarter ended 30-Sep-2022, down 3.13 per cent from previous quarter's Rs 14638.78 crore and down 39.2 per cent from the year-ago quarter's Rs 10187.33 crore.

The net profit for latest quarter stood at Rs 819.09 crore, up 94.32 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs held 3.83 per cent stake in the company, while foreign institutional investors held 10.1 per cent and the promoters 46.86 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 26.34 and a price-to-book ratio of 3.4. 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.

Tata Power Company Ltd. belongs to the Power - Integrated industry.