Share price of Tata Power Company Ltd. jumps as Sensex gains 281.04 points
Share price of Tata Power CompanyNSE 0.23 % Ltd. gained 0.81 per cent to Rs 43.6 at 01:13PM (IST) in Monday’s trade. The scrip hit a high of Rs 43.8 and low of Rs 43.0 so far during the session. The stock had closed at Rs 43.25 in the previous session.
The counter had a total traded volume of 01:13PM shares so far with a turnover of Rs 5.24 crore on BSE. The stock traded at a price-to-earnings multiple of 11.8 and a price-to-book ratio of 0.54.
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.
