Tata Elxsi shares down 0.08% as Nifty gains

economictimes.indiatimes.com:

Tata Elxsi Ltd. traded 0.08 per cent down in Tuesday's trade at 12:12PM (IST). Around 2,433 shares changed hands on the counter.
The scrip opened at Rs 7500.0 and touched an intraday high and low of Rs 7500.0 and Rs 7412.0, respectively, in the session so far. The stock of Tata Elxsi Ltd. quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 6217.9.

Total market cap of the Tata Elxsi Ltd. stood at Rs 46240.88 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 949.16 crore for the quarter ended 31-Dec-2023, up 3.98 per cent from previous quarter's Rs 912.83 crore and up 13.42 per cent from the year-ago quarter's Rs 836.88 crore.
The net profit for latest quarter stood at Rs 206.43 crore, up 6.04 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 1.81 per cent stake in the firm, while foreign institutional investors held 14.55 per cent and the promoters 43.92 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 58.02 and a price-to-book ratio of 17.8. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.