As markets rise, Tata Power gains 1.3%

24 Jun 2022 , 11:07 AM

At 10:50 am on Friday, the benchmark Sensex on the BSE was up 355.5 points at 52621.22, but shares of Tata Power Company were trading 1.31% higher at Rs205.6. The stock had a prior session closing price of Rs 202.95.

The stock’s 52-week high and low were respectively Rs298.0 and Rs118.25.

According to BSE records, the total volume traded on the counter as of 10:50 AM (IST) was 10:50 AM shares, with a value of Rs10.94 crore.

According to BSE statistics, the company’s shares are currently trading at 3.4 times its price-to-book value and 37.76 times its trailing 12-month EPS of Rs5.45 per share.

A higher P/E ratio indicates that investors are prepared to pay a higher share price right now due to future growth forecasts. The price-to-book value measures the price that investors are willing to pay, even in the absence of business development, and reveals the intrinsic value of a company.