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    Tata Power shares up 1.34% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 298.0 and low of Rs 190.0.

    stock-market-124-gettyGetty Images
    Shares of Tata Power Company Ltd. rose 1.34 per cent to Rs 208.0 in Friday's trade. It hit an intraday high of Rs 208.05 and low of Rs 205.05, respectively, during the day.

    The stock quoted a 52-week high price of Rs 298.0 and low of Rs 190.0.

    As of 10:31AM (IST), the counter saw total traded volume of 78,744 shares with a traded value of Rs 1.62 crore, according to NSE.

    The stock had closed at Rs 205.25 in the previous session.

    The scrip has declined -4.06 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.65 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 26.08 while price-to-book ratio stood at 3.4. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Power - Integrated industry.

    Promoter/FII Holding
    Promoters held 46.86 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 10.1 per cent and 3.83 per cent, respectively.

    Key Financials
    The company reported consolidated 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 net profit for the latest quarter stood at Rs 819.09 crore, up 94.32 per cent from the same quarter a year ago.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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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