Tata Power in talks to acquire 15% stake in MEC Coal

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Tata Power in talks to acquire 15% stake in MEC Coal

Tata Power Company is in talk to acquire 15% stake in Dubai’s MEC Coal, reports The Economic Times.

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Tata Power Company is in talk to acquire 15% stake in Dubai's MEC Coal, reports The Economic Times.
 
The share touched an intraday high of Rs 108.00 and an intraday low of Rs 105.60. At 09:19 hrs the share was quoting at Rs 107.40, up Rs 2.45, or 2.33%.
 
It was trading with volumes of 26,170 shares. In the previous trading session, the share closed up 1.16% or Rs 1.20 at Rs 104.95.

The company's trailing 12-month (TTM) EPS was at Rs 4.09 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 26.41. The latest book value of the company is Rs 47.36 per share. At current value, the price-to-book value of the company was 2.28. The dividend yield of the company was 1.16%.