Share price of Tata Power Company Ltd. jumps as Sensex gains 199.36 points
Share price of Tata Power CompanyNSE 3.52 % Ltd. gained 2.07 per cent to Rs 41.9 at 02:08PM (IST) in Wednesday’s trade. The counter hit a high of Rs 42.2 and low of Rs 40.2 so far during the session. The stock had closed at Rs 41.05 in the previous session.
The counter had a total traded volume of 02:08PM shares so far with a turnover of Rs 9.35 crore on BSE. The stock traded at a price-to-earnings multiple of 11.31 and a price-to-book ratio of 0.52.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
