Tata Elxsi shares down 0.16% as Nifty gains
Tata Elxsi Ltd. rose 0.16 per cent to Rs 7264.9 in Thursday's trade. It hit an intraday high of Rs 7316.7 and low of Rs 7232.0, respectively, during the day.
The stock quoted a 52-week high price of Rs 8681.2 and low of Rs 5708.1.
As of 01:23PM (IST), the counter saw total traded volume of 1,607 shares with a traded value of Rs 1.16 crore, according to NSE.
The stock had closed at Rs 7277.0 in the previous session.
The scrip has declined -1.91 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.96 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 59.59 while price-to-book ratio stood at 17.8. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the IT Consulting & Software — Mid Cap industry.
Promoter/FII Holding Promoters held 43.92 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 14.22 per cent and 2.4 per cent, respectively.
