Share price of Tata Elxsi jumps as Sensex gains 174.12 points
A total of 10,315 shares changed hands on the counter till 10:30AM (IST)
Share price of gained 0.77 per cent to Rs 7089.95 at 10:30AM (IST) in Thursday's trade. The counter hit a high of Rs 7117.55 and low of Rs 7040.15 so far during the session. The stock had closed at Rs 7035.1 in the previous session.The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 7.31 crore on . The stock traded at a price-to-earnings multiple of 55.29 and a price-to-book ratio of 19.34.
A higher P/E ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.
belongs to the IT Consulting & Software - Mid Cap industry.
Promotor/FII Holding
Promoters held 43.92 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 14.55 per cent and 6.04 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 939.63 crore for the quarter ended 31-Mar-2024, down 1.0 per cent from the previous quarter's Rs 949.16 crore and down 8.8 per cent from the year-ago quarter's Rs 863.61 crore.
Its profit for the latest quarter stood at Rs 196.93 crore, down 2.27 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
