Tata Elxsi shares up 0.5% as Nifty gains
A total of 7,736 shares changed hands on the counter till 11:37AM (IST).
NEW DELHI: Shares of traded 0.5 per cent up in Wednesday's trade at 11:37AM (IST). Around 7,736 shares changed hands on the counter.The scrip opened at Rs 7065.0 and touched an intraday high and low of Rs 7110.0 and Rs 7065.0, respectively, in the session so far. The stock of quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 6406.6.
Total market cap of the . stood at Rs 44215.34 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 939.63 crore for the quarter ended 31-Mar-2024, down 1.0 per cent from previous quarter's Rs 949.16 crore and down 8.8 per cent from the year-ago quarter's Rs 863.61 crore.
The net profit for latest quarter stood at Rs 196.93 crore, down 2.27 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 1.81 per cent stake in the company, while foreign institutional investors held 14.55 per cent and the promoters 43.92 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 55.8 and a price-to-book ratio of 19.34. 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.
. belongs to the IT Consulting & Software - Mid Cap industry.
Source: Stocks-Markets-Economic Times
