Share price of Tata Elxsi as Sensex gains 74.32 points
Tata Elxsi Ltd. 0.62 per cent to Rs 7356.90 at 01:43PM (IST) in Wednesday's trade. The counter hit a high of Rs 7413.00 and low of Rs 7328.00 so far during the session. The stock had closed at Rs 7403.00 in the previous session.
The counter had a total traded volume of 01:43PM shares so far with a turnover of Rs 2.72 crore on BSE. The stock traded at a price-to-earnings multiple of 56.01 and a price-to-book ratio of 19.34.
A higher price-to-earnings 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 is the measure of the price that investors are ready to pay even for no growth in the business.
Tata Elxsi Ltd. belongs to the IT Consulting & Software — Mid Cap industry.
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