Share price of Tata Power falls as Sensex drops 392.7 points

Share price of Tata Power Company Ltd. dropped 1.02 per cent to Rs 209.1 at 01:58PM (IST) in Wednesday's trade. The counter hit a high of Rs 211.0 and low of Rs 205.85 so far during the session. The stock had closed at Rs 211.25 in the previous session.

The counter had a total traded volume of 01:58PM shares so far with a turnover of Rs 12.7 crore on BSE. The stock traded at a price-to-earnings multiple of 26.25 and a price-to-book ratio of 3.4.

A higher P/E ratio shows 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 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.

Promotor/FII Holding
Promoters held 46.86 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 10.1 per cent and 14.69 per cent, respectively.

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

Its profit for the latest quarter stood at Rs 819.09 crore, up 94.32 per cent from the same quarter a year ago.