Tata Elxsi shares fall 0.51% as Nifty drops
Tata Elxsi Ltd. traded 0.51 per cent down at Rs 7051.25 on Tuesday at around 12:27PM (IST), while the benchmark BSE Sensex declined 427.29 points to 73468.25.
As many as 7,207 shares changed hands on the counter with a total value of Rs 5.08 crore.
The stock quoted a 52-week high price of Rs 9191.1 and a 52-week low of Rs 6662.0.
On the technical charts, the 200-DMA of the stock stood at Rs 7742.37, while 50-DMA was at Rs 7585.43. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 5.85 per cent in the past one year, while Sensex has risen 22.78 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 55.75 and a price-to-book ratio of 19.34. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the IT Consulting & Software — Mid Cap industry.
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