Tata Power share price: Tata Power shares fell 1.31% while Nifty fell | Daily News Byte

Tata Power share price: Tata Power shares fell 1.31% while Nifty fell

 | Daily News Byte

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Shares of . rose 1.31 percent to Rs 219.0 in Friday trading. It reached an intraday high of Rs 222.4 and a low of Rs 217.8, respectively, during the day.

The stock quoted a 52-week high of Rs 298.0 and a low of Rs 190.0.

As of 12:23 pm (IST), the counter saw a total traded volume of 657,642 shares with a traded value of Rs 14.43 lakh crore, according to NSE.

The stock closed at Rs 221.9 in the previous session.

The stock has fallen -2.49 percent in the past one month to date, while the benchmark BSE Sensex has gained 0.02 percent in the same period.

According to exchange data, the stock is trading at a price-to-earnings (P/E) multiple of 27.49 while the price-to-book ratio is at 3.4. A higher P/E ratio shows that investors are willing to pay a higher price for the earnings per rupee provided by the stock due to the expectation of better future growth. The value of price to book indicates the value of the company and it reflects the price that investors are ready to pay even if there is no growth in the business.

The stock belongs to the energy-integrated industry.

Promoter/FII Holding
Promoters hold 46.86 percent stake in the company as on June 30, 2022, while FII and MF ownership in the company stands at 10.1 percent and 3.83 percent, respectively.

Main finance
The company reported total sales of Rs 14181.07 crore for the quarter ended 30-Sep-2022, down 3.13 percent from Rs 14638.78 crore in the previous quarter and down 39.2 percent from the previous quarter’s Rs 10187.33 crore. Its net profit for the latest quarter stood at Rs 819.09 crore, up 94.32 percent from the same quarter last year.

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