Business Tantra

The share price of Tata Power Company Ltd. gained 0.2 per cent to Rs 254.85 at 11:47AM (IST) in Monday’s trade. The scrip has hit a high of Rs 256.8 and low of Rs 251.0 so far during the session. The stock had closed at Rs 254.35 in the previous session.

The counter has had a total traded volume of 1851716 shares so far with a value of Rs 47.08 crore on the NSE. It traded at a price-to-earnings multiple of 56.27 and a price-to-book ratio of 1.58.

A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 191.93 per cent during the past one year, while the 30-share index advanced 19.94 per cent during the same period.

Tata Power Company Ltd. belongs to the Power – Integrated industry.

Promotor/FII Holding

Promoters held 46.86 per cent stake in the company as of 31-Dec-2021, while overseas investors and domestic institutional investors ownership stood at 10.84 per cent and 4.48 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 10187.33 crore for the quarter ended 30-Sep-2021, up 0.41 per cent from the previous quarter’s Rs 10145.89 crore and up 20.68 per cent from the year-ago quarter’s Rs 8441.6 crore.

Profit for the latest quarter stood at Rs 421.51 crore, up 50.75 per cent from the same quarter a year ago.