Shares of Tata Power Company Ltd. rose 1.92% to Rs 251.9 in Wednesday’s trade. The stock hit an intraday high of Rs 257.75 and a low of Rs 251.85. The stock quoted a 52-week high price of Rs 276.5 and a low of Rs 182.45. The counter saw a total traded volume of 247,663 shares with a traded value of Rs 6.31 crore on NSE. The stock had closed at Rs 256.85 in the previous session. Tata Power’s stock has declined -5.1% in the past month, while the benchmark Sensex has slipped -1.92% during the same period. The stock traded at a price-to-earnings (P/E) multiple of 22.97 with a price-to-book ratio of 2.11. Promoters hold 46.86% stake in the company, while FII and MF ownership stand at 9.76% and 3.05% respectively. The company reported consolidated sales of Rs 15,484.71 crore for the quarter ended June 2023, up 16.21% from the previous quarter. Its net profit for the latest quarter stood at Rs 972.49 crore, up 22.39% from the same quarter a year ago.