Tata Elxsi share price down 2.04 per cent

Shares of Tata Elxsi Ltd. traded 2.04 per cent up at Rs 6378.45 at around 12:40PM (IST) on Monday. The stock had closed at Rs 6511.0 in the previous session. Equity benchmark Sensex traded 346.19 points lower at 59117.74 around the same time.


The scrip has declined 1.92 per cent in the last one year till date, while the 30-share index has gained 5.83 per cent during the same period.

The stock's 52-week high price stood at Rs 10760.4 and the 52-week low price at Rs 5708.1.

Trading volume on the counter stood at 5,609 shares, while it quoted a price-to-earnings ratio of 55.68, an EPS value of 114.6 and a price-to-book value of 34.39. In the Nifty50 pack, 11 stocks traded in the green, while 39 stocks were in the red.

Promoter/FII Holding
Promoters held 43.92 per cent stake in the company as of 31-Dec-2022, while overseas investor and mutual funds' ownership stood at 13.89 per cent and 2.12 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 836.88 crore, up 7.04 per cent from the previous quarter's Rs 781.84 crore and up 30.37 per cent from the year-ago quarter's Rs 641.92 crore. The company reported net profit of Rs 194.68 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.