Tata Power Share Price: Tata Power shares down 2.31% as Nifty falls

Shares of Company Ltd. rose 2.31 per cent to Rs 127.05 in Wednesday’s trade. It hit an intraday high of Rs 131.65 and low of Rs 126.55, respectively, during the day.

The stock quoted a 52-week high price of Rs 137.9 and low of Rs 49.85.

As of 11:58AM (IST), the counter saw total traded volume of 1,298,911 shares with a traded value of Rs 16.7 crore, according to NSE.

The stock had closed at Rs 130.05 in the previous session.

The scrip has advanced 2.05 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.43 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 31.05 while price-to-book ratio stood at 1.58. 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 30-Jun-2021, while FII and MF ownership in the firm stood at 11.26 per cent and 8.47 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 10145.89 crore for the quarter ended 30-Jun-2021, down 0.75 per cent from the previous quarter’s Rs 10222.48 crore and down 55.13 per cent from the year-ago quarter’s Rs 6540.42 crore. Its net profit for the latest quarter stood at Rs 391.03 crore, up 89.25 per cent from the same quarter a year ago.

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