Share price of Tata Elxsi as Sensex gains 474.55 points
Tata Elxsi Ltd. 0.78 per cent to Rs 6740.45 at 11:21AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 6899.95 and low of Rs 6716.65 so far during the session. The stock had closed at Rs 6794.00 in the previous session.
The counter has had a total traded volume of 1376 shares so far with a value of Rs 0.94 crore on the NSE. It traded at a price-to-earnings multiple of 51.29 and a price-to-book ratio of 19.34.
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 22.94 per cent during the past one year, while the 30-share index advanced 11.479999542236328 per cent during the same period.
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