Tata Power Shares: Stock market news: Tata Power shares gain over 1%

NEW DELHI: Shares of Tata Power Company traded 1.36 per cent up in Tuesday’s trade at 12:12PM (IST). Around 2903691 shares changed hands on the counter. The stock opened at Rs 92.75 and touched an intraday high and low of Rs 96.3 and Rs 91.6, respectively, in the session so far.

The stock quoted a 52-week high of Rs 114.95 and a 52-week low of Rs 27.

Financials

Tata Power Company, incorporated in the year 1919, is a Mid Cap company with a market cap of Rs 30020.22 crore operating in Power sector.

For the quarter ended 31-12-2020, the company has reported a Consolidated Total Income of Rs 7702.84 Crore, down -8.75 per cent from last quarter Total Income of Rs 8441.60 Crore and up 7.94 per cent from last year same quarter Total Income of Rs 7136.04 Crore. Company has reported net profit after tax of Rs 166 Crore in latest quarter.

Tata Power Company key Products/Revenue Segments include Power Supply, Other Operating Revenue, Project Management Fees, Income from Finance Leases, Renewable Energy Certificates, Carbon Credit and Fly Ash for the year ending 31-Mar-2020.

Promoter holding

Promoters held 46.86 per cent stake in the company as of quarter ended 31st Dec 2020.

Valuation ratio

It quoted a price-to-earnings ratio of 26.4 and price to book value of 0.49.