Share price of Tata Power Company Ltd. jumps as Sensex gains 47.39 points
Share price of Tata Power CompanyNSE 2.54 % Ltd. gained 1.73 per cent to Rs 44.05 at 10:46AM (IST) in Thursday’s trade. The scrip hit a high of Rs 44.4 and low of Rs 43.0 so far during the session. The stock had closed at Rs 43.3 in the previous session.
The counter had a total traded volume of 10:46AM shares so far with a turnover of Rs 3.87 crore on BSE. The stock traded at a price-to-earnings multiple of 11.93 and a price-to-book ratio of 0.55.
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.
