Share price of Tata Elxsi falls as Sensex drops 10.23 points

economictimes.indiatimes.com:

Tata Elxsi Ltd. dropped 0.81 per cent to Rs 7251.4 at 12:27PM (IST) in Tuesday's trade. The scrip hit a high of Rs 7347.3 and low of Rs 7245.45 so far during the session. The stock had closed at Rs 7311.1 in the previous session.
The counter had a total traded volume of 12:27PM shares so far with a turnover of Rs 1.64 crore on BSE. The stock traded at a price-to-earnings multiple of 57.46 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.
Promotor/FII Holding Promoters held 43.92 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 14.55 per cent and 6.04 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 939.63 crore for the quarter ended 31-Mar-2024, down 1.0 per cent from the previous quarter's Rs 949.16 crore and down 8.8 per cent from the year-ago quarter's Rs 863.61 crore.
Its profit for the latest quarter stood at Rs 196.93 crore, down 2.27 per cent from the same quarter a year ago.