The share price of Tata Power Company NSE -2.94 % Ltd. dropped 2.23 per cent to Rs 54.9 at 12:36PM (IST) in Monday's trade. The counter has hit a high of Rs 56.5 and low of Rs 54.9 so far during the session. The stock had closed at Rs 56.15 in the previous session.

The counter has had a total traded volume of 305719 shares so far with a value of Rs 1.69 crore on the NSE. It traded at a price-to-earnings multiple of 14.13 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.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 14.15 per cent during the past one year, while the 30-share index advanced 4.51 per cent during the same period.

Tata Power Company Ltd. belongs to the Power - Integrated industry.

Promotor/FII Holding
Promoters held 37.22 per cent stake in the company as of 30-Jun-2020, while FIIs and domestic institutional investors ownership stood at 12.89 per cent and 14.26 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 6452.99 crore for the quarter ended 30-Jun-2020, down 2.53 per cent from the previous quarter's Rs 6620.8 crore and down 16.91 per cent from the year-ago quarter's Rs 7766.72 crore.

Profit for the latest quarter stood at Rs 206.62 crore, up 36.59 per cent from the same quarter a year ago.