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The paper opened at Rs 214.65 and touched an intraday high and low of Rs 215.35 and Rs 206.6, respectively, in the session so far. Shares of Tata Energy Limited hit a 52-week high of Rs 298.0 and a 52-week low of Rs 190.0.
The total market capitalization of Tata Power Limited stands at Rs 66862.48 crore at the time of writing this report.
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 of the previous quarter and down 39.2 percent from the previous quarter’s Rs 10187.33 crore.
Net profit for the latest quarter stood at Rs 819.09 crore, up 94.32 percent from the same quarter last year.
Form of shareholding
Until June 30-2022, domestic institutional investors hold 3.83% of shares while institutional investors Foreigners hold 10.1% of shares and promoters 46.86%.
Valuation ratio
According to BSE data, the stock is trading at a P/E multiple of 26.3 and a price-to-book ratio of 3.4. A higher P/E ratio shows that investors are willing to pay a higher price due to the expectation of better future growth. Price-to-book value indicates the company’s value and is an indicator of the price that investors are willing to pay even if there is no growth in the business.
Tata Power Company Limited is an integrated power-industry company.
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