Share price of Tata Elxsi jumps as Sensex gains 454.56 points
Tata Elxsi Ltd. gained 1.03 per cent to Rs 8346.4 at 10:46AM (IST) in Friday's trade. The scrip has hit a high of Rs 8450.0 and low of Rs 8328.95 so far during the session.
The stock had closed at Rs 8261.55 in the previous session.
The counter has had a total traded volume of 6999 shares so far with a value of Rs 5.86 crore on the NSE. It traded at a price-to-earnings multiple of 66.32 and a price-to-book ratio of 17.8.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 17.94 per cent during the past one year, while the 30-share index advanced 6.87 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-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 13.81 per cent and 2.47 per cent, respectively.
