Share price of Tata Elxsi falls as Sensex gains 194.78 points
Promoters held 43.92 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 15.02 per cent and 2.7 per cent, respectively.
The share price of dropped 0.72 per cent to Rs 7838.0 at 01:08PM (IST) in Wednesday's trade. The stock has hit a high of Rs 7950.0 and low of Rs 7829.7 so far during the session. The stock had closed at Rs 7895.15 in the previous session.The counter has had a total traded volume of 2833 shares so far with a value of Rs 2.23 crore on the . It traded at a price-to-earnings multiple of 61.8 and a price-to-book ratio of 17.8.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 26.47 per cent during the past one year, while the 30-share index advanced 25.15 per cent during the same period.
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-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 15.02 per cent and 2.7 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 949.16 crore for the quarter ended 31-Dec-2023, up 3.98 per cent from the previous quarter's Rs 912.83 crore and up 13.42 per cent from the year-ago quarter's Rs 836.88 crore.
Profit for the latest quarter stood at Rs 206.43 crore, up 6.04 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
