Trending stocks: Shares of Tata Power dip 2.2%

NEW DELHI: Shares of Tata Power Company traded 2.22 per cent down in Friday's trade at 10:29 am. Around 33,18,640 shares changed hands on the counter. The stock opened at Rs 31.75 and touched an intraday high and low of Rs 31.9 and Rs 30.6, respectively, in the session so far.

The company has concluded the sale of its entire 50 per cent stake in South African joint venture Cennergi to Exxaro Resources for ZAR 1,550 million (around Rs 659 crore), the company said on Wednesday.

The stock quoted a 52-week high of Rs 86.1 and a 52-week low of Rs 30.7.


Financials
Tata Power Company, incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 8533.56 crore) operating in Power sector.

The company reported net profit after tax of Rs 65.65 crore for the quarter ended 31 December, 2019. For the same quarter, the company has reported a Consolidated sales of Rs 7071.03 crore, down 7.90 per cent from last quarter Sales of Rs 7677.82 crore and down 8.25 per cent from last year same quarter Sales of Rs 7706.71 crore.

Tata Power key products/revenue segments include power supply which contributed Rs 6140.75 crore to sales value (81.47 per cent of total sales), project management fees which contributed Rs 1163.47 crore to sales value (15.43 per cent of total sales), other operating revenue which contributed Rs 125.85 crore to sales value (1.66 per cent of total sales), income from finance leases which contributed Rs 92.32 crore to sales value (1.22 per cent of total sales), carbon credit which contributed Rs 9.32 crore to sales value (0.12 per cent of total sales) and fly ash which contributed Rs 4.88 crore to sales value (0.06 per cent of total sales)for the year ending 31-mar-2018.

Promoters holding
Promoters held 36.210526 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 12.62 and price to book value of 0.44.