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    Tata Elxsi shares gain 0.58% as Sensex falls

    Synopsis

    A total of 1,176 shares changed hands on the counter till 10:40AM (IST)

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    India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
    Shares of Tata Elxsi Ltd. traded 0.58 per cent up at Rs 7640.5 at 10:40AM (IST) on Monday, even as BSE benchmark Sensex dropped 8.2 points to 63774.6. The stock had settled at Rs 7596.0 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 7950.0 and Rs 5708.1, respectively.

    As per BSE data, total traded volume on the counter till 10:40AM (IST) stood at 10:40AM shares with turnover at Rs 0.9 crore.

    At the prevailing price, the stock trades at 60.67 times its trailing 12-month earnings per share of Rs 126.06 per share and 17.8 times its price-to-book value, BSE data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

    The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.02.

    Shareholding Details
    Promoters held 43.92 per cent stake in the company as of 30-Sep-2023, while FIIs owned 13.8 per cent and DIIs 4.8 per cent.
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