Tata Elxsi shares up 1.13% as Nifty gains
Tata Elxsi Ltd. traded 1.13 per cent up in Thursday's trade at 01:24PM (IST). Around 7,311 shares changed hands on the counter.
The stock opened at Rs 7649.85 and touched an intraday high and low of Rs 7667.05 and Rs 7591.3, 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 5883.05.
As per BSE, the total market cap of the Tata Elxsi Ltd. stood at Rs 47658.29 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 corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs 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 price-to-earnings multiple of 59.79 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.
(You can now subscribe to our ETMarkets Read more on economictimes.indiatimes.com
