Share price of Tata Elxsi jumps as Sensex drops 16.47 points

Share price of Tata Elxsi Ltd. gained 0.49 per cent to Rs 7300.0 at 10:55AM (IST) in Thursday's trade. The counter hit a high of Rs 7350.0 and low of Rs 7298.15 so far during the session. The stock had closed at Rs 7263.85 in the previous session.

The counter had a total traded volume of 10:55AM shares so far with a turnover of Rs 116.0 crore on BSE. The stock traded at a price-to-earnings multiple of 59.87 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 is the measure of the price that investors are ready to pay even for no growth in the business.

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 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 14.22 per cent and 4.0 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 872.48 crore for the quarter ended 30-Jun-2023, up 1.03 per cent from the previous quarter's Rs 863.61 crore and up 18.51 per cent from the year-ago quarter's Rs 736.21 crore.

Its profit for the latest quarter stood at Rs 188.85 crore, up 2.24 per cent from the same quarter a year ago.