Share price of Tata Elxsi jumps as Sensex gains 194.5 points

The share price of Tata Elxsi Ltd. gained 3.54 per cent to Rs 7515.0 at 10:20AM (IST) in Friday's trade. The scrip has hit a high of Rs 7522.45 and low of Rs 7293.95 so far during the session. The stock had closed at Rs 7257.8 in the previous session.

The counter has had a total traded volume of 15021 shares so far with a value of Rs 11.13 crore on the NSE. It traded at a price-to-earnings multiple of 61.85 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 declined 8.97 per cent during the past one year, while the 30-share index advanced 14.82 per cent during the same period.

Tata Elxsi Ltd. 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-2023, while FIIs and domestic institutional investors ownership stood at 13.86 per cent and 1.85 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 863.61 crore for the quarter ended 31-Mar-2023, up 3.19 per cent from the previous quarter's Rs 836.88 crore and up 23.4 per cent from the year-ago quarter's Rs 699.83 crore.

Profit for the latest quarter stood at Rs 201.52 crore, up 25.94 per cent from the same quarter a year ago.