Tata Elxsi shares up 0.22% as Nifty gains

economictimes.indiatimes.com:

Tata Elxsi Ltd. traded 0.22 per cent up in Wednesday's trade at 12:20PM (IST). Around 8,469 shares changed hands on the counter.

The stock opened at Rs 7535.0 and touched an intraday high and low of Rs 7594.0 and Rs 7515.0, respectively, in the session so far. The stock of Tata Elxsi Ltd. quoted a 52-week high of Rs 10760.4 and a 52-week low of Rs 5708.1.

Total market cap of the Tata Elxsi Ltd. stood at Rs 47048.92 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 872.48 crore for the quarter ended 30-Jun-2023, up 1.03 per cent from previous quarter's Rs 863.61 crore and up 18.51 per cent from the year-ago quarter's Rs 736.21 crore. The net profit for latest quarter stood at Rs 188.85 crore, up 2.24 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 2.4 per cent stake in the firm, while foreign institutional investors held 14.22 per cent and the promoters 43.92 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 61.96 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.