The counter opened at Rs 104.4 and touched an intraday high and low of Rs 105.7 and Rs 103.35, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 114.95 and a 52-week low of Rs 31.9.
Total market cap of the Tata Power Company Ltd. stood at Rs 32880.04 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 10222.48 crore for the quarter ended 31-Mar-2021, up 32.71 per cent from previous quarter’s Rs 7702.84 crore and up 50.46 per cent from the year-ago quarter’s Rs 6793.95 crore.
The net profit for latest quarter stood at Rs 392.94 crore, down 2.4 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 8.83 per cent stake in the company, while foreign institutional investors held 12.17 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 29.17 and a price-to-book ratio of 0.49. 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.
