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    Tata Power shares down 1.96% as Nifty drops

    Synopsis

    A total of 544,226 shares changed hands on the counter till 12:18PM (IST).

    stock-market-124-gettyGetty Images
    NEW DELHI: Shares of Tata Power Company Ltd. traded 1.96 per cent down in Thursday's trade at 12:18PM (IST). Around 544,226 shares changed hands on the counter.

    The counter opened at Rs 233.95 and touched an intraday high and low of Rs 234.95 and Rs 225.3, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 298.0 and a 52-week low of Rs 121.75.

    Total market cap of the Tata Power Company Ltd. stood at Rs 72709.95 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 14638.78 crore for the quarter ended 30-Jun-2022, up 19.8 per cent from previous quarter's Rs 12219.36 crore and up 44.28 per cent from the year-ago quarter's Rs 10145.89 crore.

    The net profit for latest quarter stood at Rs 794.6 crore, up 103.21 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2022, DIIs held 3.83 per cent stake in the firm, 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 price-to-earnings multiple of 33.9 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.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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