Tata Power Share Price: Share price of Tata Power as Sensex drops 1301.43 points
The share price of Tata Power Company Ltd. 3.91 per cent to Rs 427.75 at 01:42PM (IST) in Monday’s trade. The stock has hit a high of Rs 446.70 and low of Rs 426.20 so far during the session. The stock had closed at Rs 445.20 in the previous session.
The counter has had a total traded volume of 563939 shares so far with a value of Rs 24.34 crore on the NSE. It traded at a price-to-earnings multiple of 36.44 and a price-to-book ratio of 3.89.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for…
