Share price of Tata Elxsi falls as Sensex gains 245.13 points
A total of 2,926 shares changed hands on the counter till 01:40PM (IST)
Share price of dropped 0.35 per cent to Rs 7606.9 at 01:40PM (IST) in Wednesday's trade. The scrip hit a high of Rs 7699.8 and low of Rs 7523.0 so far during the session. The stock had closed at Rs 7633.7 in the previous session.The counter had a total traded volume of 01:40PM shares so far with a turnover of Rs 2.21 crore on . The stock traded at a price-to-earnings multiple of 59.48 and a price-to-book ratio of 17.8.
A higher price-to-earnings 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-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 15.02 per cent and 5.71 per cent, respectively.
Key Financials
The firm reported consolidated 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.
Its 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
