Share price of Tata Power Company Ltd. jumps as Sensex gains 438.05 points
Share price of Tata Power Company NSE 2.00 % Ltd. gained 3.26 per cent to Rs 110.8 at 10:19AM (IST) in Monday’s trade. The scrip hit a high of Rs 111.9 and low of Rs 108.25 so far during the session. The stock had closed at Rs 107.3 in the previous session.
The counter had a total traded volume of 10:19AM shares so far with a turnover of Rs 14.7 crore on BSE. The stock traded at a price-to-earnings multiple of 31.19 and a price-to-book ratio of 0.49.
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.
