Share price of Tata Elxsi jumps as Sensex drops 116.53 points
Tata Elxsi Ltd. gained 0.25 per cent to Rs 7243.55 at 12:02PM (IST) in Thursday's trade. The stock hit a high of Rs 7349.95 and low of Rs 7224.4 so far during the session.
The stock had closed at Rs 7226.1 in the previous session. The counter had a total traded volume of 12:02PM shares so far with a turnover of Rs 155.0 crore on BSE. The stock traded at a price-to-earnings multiple of 59.35 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 is the measure of the price that investors are ready to pay even for no growth in the business. Tata Elxsi Ltd.
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