Tata Power share price: Tata Power share price falls as Sensex drops 64.47 points

Share price of . fell 1.49% to Rs 237.65 at 1:23 p.m. (IST) in Wednesday trade. The certificate has reached a maximum of Rs 243.4 and a minimum of Rs 236.3 so far during the session. The stock had closed at Rs 241.25 in the previous session.

The counter had a total share trading volume of 1:23 p.m. so far with turnover of Rs 44.85 crore on BSE. The stock traded at a price-to-earnings multiple of 43.65 and a price-to-book ratio of 3.4.

A higher price-to-earnings ratio shows that investors are willing to pay a higher price for the earnings per rupee generated by the stock due to better future growth expectations.

The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.

Tata Power Company Ltd. belongs to the integrated power industry.

Promoter/Fii Holding

Promoters held 46.86% of the company’s capital as of March 31, 2022, while FIIs and domestic institutional investors held 10.82% and 15.88% respectively.

Key financial data

The company reported consolidated sales of Rs 12,219.36 crore for the quarter ended March 31, 2022, up 10.9% from Rs 11,018.73 crore in the previous quarter and up 19.53% from to Rs 10,222.48 crore in the prior year quarter.

Its profit for the last quarter stood at Rs 503.11 crore, up 28.04% from the same quarter a year ago.

Eleanor C. William