Tata Elxsi shares up 1.65% as Nifty gains

NEW DELHI: Shares of Tata Elxsi Ltd. traded 1.65 per cent up in Friday's trade at 10:50AM (IST). Around 1,833 shares changed hands on the counter.

The stock opened at Rs 7500.0 and touched an intraday high and low of Rs 7656.35 and Rs 7500.0, respectively, in the session so far. Shares of the company of Tata Elxsi Ltd. quoted a 52-week high of Rs 7950.0 and a 52-week low of Rs 5708.1.

As per BSE, the total market cap of the Tata Elxsi Ltd. stood at Rs 47330.09 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 912.83 crore for the quarter ended 30-Sep-2023, up 4.62 per cent from previous quarter's Rs 872.48 crore and up 16.75 per cent from the year-ago quarter's Rs 781.84 crore.

The net profit for latest quarter stood at Rs 200.02 crore, up 14.77 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2023, DIIs held 2.47 per cent stake in the firm, while foreign institutional investors held 13.81 per cent and the promoters 43.92 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 60.29 and a price-to-book ratio of 17.8. 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.

Tata Elxsi Ltd. belongs to the IT Consulting & Software - Mid Cap industry.