Tata Elxsi shares down 0.62% as Nifty drops
Tata Elxsi Ltd. traded 0.62 per cent down in Wednesday's trade at 11:44AM (IST). Around 5,176 shares changed hands on the counter.
The stock opened at Rs 8572.95 and touched an intraday high and low of Rs 8599.85 and Rs 8520.0, respectively, in the session so far. Shares of the company of Tata Elxsi Ltd. quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 5883.05.
As per BSE, the total market cap of the Tata Elxsi Ltd. stood at Rs 53868.5 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 912.83 crore for the quarter ended 30-Sep-2023, up 4.62 per cent from previous quarter's Rs 872.48 crore and up 16.75 per cent from the year-ago quarter's Rs 781.84 crore.
The net profit for latest quarter stood at Rs 200.02 crore, up 14.77 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, domestic institutional investors held 2.7 per cent stake in the company, while foreign institutional investors held 15.02 per cent and the promoters 43.92 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 68.62 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.
