Tata Power Share Price: Tata Power shares gain 3.29% as Sensex rises
Shares of Tata Power Company Ltd. traded 3.29 per cent up at Rs 455.6 at 10:00AM (IST) on Tuesday, even as BSE benchmark Sensex gained 267.71 points to 81317.71.
The stock had closed at Rs 441.05 in the previous session. The stock quoted a 52-week high price of Rs 494.85 and 52-week low of Rs 230.75, respectively. As per BSE data, total traded volume on the counter till 10:00AM (IST) stood at 273082 shares with a turnover of Rs 12.2 crore.
At the prevailing price, the stock traded at 39.38 times its trailing 12-month earnings per share of Rs 11.56 per share and 3.89 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the…
