Tata Power shares gain 1.15% as Sensex rises

Shares of Company Ltd. traded 1.15 per cent up at Rs 127.15 at 12:57PM (IST) on Friday, even as BSE benchmark Sensex gained 176.51 points to 56125.61.

The stock had settled at Rs 125.7 in the previous session. The stock quoted a 52-week high price of Rs 137.9 and 52-week low of Rs 50.0, respectively. As per BSE data, total traded volume on the counter till 12:57PM (IST) stood at 963208 shares with a turnover of Rs 12.19 crore.

At the current price, shares of the company traded at 31.0 times its trailing 12-month earnings per share of Rs 4.11 per share and 1.58 times its price-to-book value, exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.73.

Shareholding Details

Promoters held 46.86 per cent stake in the company as of 30-Jun-2021, while FIIs owned 11.26 per cent and DIIs 8.47 per cent.


On the technical charts, the relative strength index (RSI) of the stock stood at 49.54. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a’buy’ or’sell’ recommendation using a single valuation ratio.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button