Tata Power shares up 0.89% as Nifty gains

NEW DELHI: Shares of Tata Power Company Ltd. traded 0.89 per cent up in Friday's trade at 11:37AM (IST). Around 993,156 shares changed hands on the counter.

The counter opened at Rs 219.95 and touched an intraday high and low of Rs 221.9 and Rs 218.8, 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 120.55.

Total market cap of the Tata Power Company Ltd. stood at Rs 70153.68 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 same quarter a year ago.

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 32.71 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.