Tata Power shares up 0.94% as Nifty drops

NEW DELHI: Shares of Tata Power Company Ltd. traded 0.94 per cent up in Friday’s trade at 10:35AM (IST). Around 167,725 shares changed hands on the counter.

The scrip opened at Rs 450.05 and touched an intraday high and low of Rs 455.5 and Rs 443.0, respectively, in the session so far. Shares of the company of Tata Power Company Ltd. quoted a 52-week high of Rs 494.85 and a 52-week low of Rs 230.75.

Total market cap of the Tata Power Company Ltd. stood at Rs 144541.18 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 17540.98 crore for the quarter ended 30-Jun-2024, up 6.54 per cent from previous quarter’s Rs 16463.94 crore and up 13.28 per cent from the year-ago quarter’s Rs 15484.71 crore.

The net profit for latest quarter stood at Rs 970.91 crore, down 0.16 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2024, DIIs held 7.24 per cent stake in the company, while foreign institutional investors held 9.5 per cent and the promoters 46.86 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 39.12 and a price-to-book ratio of 3.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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