The stock opened at Rs 241.9 and touched an intraday high and low of Rs 241.9 and Rs 236.4, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 269.7 and a 52-week low of Rs 54.0.
As per BSE, the total market cap of the Tata Power Company Ltd. stood at Rs 76128.96 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 10187.33 crore for the quarter ended 30-Sep-2021, up 0.41 per cent from previous quarter’s Rs 10145.89 crore and up 20.68 per cent from the year-ago quarter’s Rs 8441.6 crore.
The net profit for latest quarter stood at Rs 421.51 crore, up 50.75 per cent from the corresponding quarter last year.
Shareholding pattern
As of 30-Sep-2021, domestic institutional investors held 8.3 per cent stake in the company, while foreign institutional investors held 11.06 per cent and the promoters 46.86 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 52.37 and a price-to-book ratio of 1.58. 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.
