Tata Power Stock: P/E Ratio at 33.34, Market Cap Hits Rs 124,873 Crore

Tata Power Stock: Trading at Rs 391.70 on BSE

Tata Power Stock– As of 12:22 PM (IST) on Wednesday, Tata Power Company Ltd.’s share price stood at Rs 391.70 on the Bombay Stock Exchange (BSE), showing a slight increase of 0.17% from its previous close. The stock has been trading within a range, reflecting some movement throughout the day.

52-Week Performance: Tata Power’s Price Range

Tata Power’s stock has experienced significant fluctuations over the past year. It has seen a 52-week low of Rs 319.80, while the highest price during the same period was Rs 494.85. These figures highlight the volatility and potential for substantial price movement within a year.

Trading Volume and Market Capitalization

By 12:22 PM, a total of 287,914 lakh shares had been traded on the BSE. The stock currently commands a market capitalization of Rs 124,873.87 crore, solidifying its place as a major player in the Indian stock market. With such a large market cap, Tata Power is considered one of the more significant and stable stocks in the energy sector.

Tata Power’s Financial Ratios: P/E and ROE

In terms of financial performance, Tata Power’s price-to-earnings (P/E) ratio stands at 33.34, indicating how much investors are willing to pay for each rupee of earnings. The price-to-book (P/B) ratio is 3.89, suggesting that the stock is priced higher than its book value, which is a typical feature for established companies in growth sectors like energy.

Tata Power also reported a return on equity (ROE) of 11.42%. ROE is a key indicator of how effectively a company is using its shareholders’ equity to generate profits. This relatively healthy ROE suggests that Tata Power is performing well in terms of profitability.

Tata Power in the Market Context: BSE500 Performance

Tata Power’s performance can also be seen in the broader market context. As of the latest data, 314 stocks within the BSE500 index were trading in the green, while 185 stocks were in the red. This reflects overall positive market sentiment, although Tata Power’s relatively steady performance indicates it may be less volatile compared to some other stocks.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.