Share price of Tata Elxsi falls as Sensex drops 38.98 points
Tata Elxsi Ltd. dropped 0.64 per cent to Rs 7351.0 at 10:51AM (IST) in Thursday's trade.
The scrip has hit a high of Rs 7421.0 and low of Rs 7323.5 so far during the session. The stock had closed at Rs 7398.7 in the previous session.
The counter has had a total traded volume of 1276 shares so far with a value of Rs 9410.0 crore on the NSE.
It traded at a price-to-earnings multiple of 60.15 and a price-to-book ratio of 17.8.
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 declined 18.46 per cent during the past one year, while the 30-share index advanced 9.07 per cent during the same period.
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 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 14.22 per cent and 2.4 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 872.48 crore for the quarter ended 30-Jun-2023, up 1.03 per cent from the previous quarter's Rs 863.61 crore and up 18.51 per cent from the year-ago quarter's Rs 736.21 crore.
Profit for the latest quarter stood at Rs 188.85 crore, up 2.24 per cent from the same quarter a year ago.
