Tata Power Share Price: Share price of Tata Power rises as Sensex gains 1406.1 points.
The counter recorded total trading volume at 12:27 PM with a turnover of Rs 108.44 crore on BSE so far. The stock traded at a price-to-earnings ratio of 35.13 and a price-to-book ratio of 3.89.
A higher price to earnings ratio indicates that investors are willing to pay a higher price for the earnings per rupee that the stock offers due to expectations of better future growth.
Price book value represents the intrinsic value of a company and measures the price investors are prepared to pay even if the company does not grow.
Tata Power Company Ltd. belongs to the Power Integration industry. Promoter/FII holdings
As of March 31, 2024, the promoters hold 46.86% stake in the company, while the stakes of FIIs and domestic institutional investors are 9.44% and 15.41%, respectively.
main financial
The company reported consolidated net sales of Rs 16463.94 crore for the quarter ended March 31, 2024, up 7.65% from Rs 15294.13 crore in the previous quarter and 23.55% up from Rs 13325.3 crore in the year-ago quarter.
Its latest quarter profit stood at Rs 895.21 crore, up 15.11% year-on-year.
