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    Trending stocks: Tata Power shares jump nearly 5%

    Synopsis

    A total of 1,318,591 shares changed hands on the counter till 10:35AM (IST).

    Total market cap of the Tata Power Company Ltd. stood at Rs 8898.7 crore at the time of writing this report. 
    NEW DELHI: Shares of Tata Power Company Ltd. traded 4.89 per cent up in Tuesday's trade at 10:35AM (IST). Around 1,318,591 shares changed hands on the counter.

    The scrip opened at Rs 33.6 and touched an intraday high and low of Rs 35.7 and Rs 33.6, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 74.05 and a 52-week low of Rs 27.0.

    Total market cap of the Tata Power Company Ltd. stood at Rs 8898.7 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 6620.8 crore for the quarter ended 31-Mar-2020, down 6.37 per cent from previous quarter's Rs 7071.03 crore and down 8.43 per cent from the year-ago quarter's Rs 7230.24 crore.

    The net profit for latest quarter stood at Rs 402.59 crore, up 599.18 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Mar-2020, DIIs held 13.2 per cent stake in the company, while foreign institutional investors held 18.62 per cent and the promoters 37.22 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 8.91 and a price-to-book ratio of 0.41. 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.
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    The Economic Times