Tata Elxsi Share Price: Tata Elxsi shares fall 6.99% as Nifty advances

Actions of Tata Elxsi Ltd. On Wednesday, the price rose 6.99 percent to Rs 8,343.15. During the day, it touched an intraday high of Rs 8,900.0 and a low of Rs 8,334.7, respectively.

The stock traded at a 52-week high of Rs 9,191.1 and a low of Rs 6,406.6.

At 02:10 pm (IST), the counter recorded a total traded volume of 107,767 shares with a traded value of Rs 92.04 crore, according to NSE.

The stock had closed at Rs 8,970.35 in the previous session.

The stock has advanced 19.85 per cent in the past month to date, while the benchmark BSE index Sensex The stock has gained 2.57 percent during the same period. As per the exchange data, the stock was trading at a price-earnings (P/E) multiple of 66.0, while the price-to-book ratio stood at 19.34. A higher P/E ratio shows that investors are willing to pay a higher price for the earnings per rupee offered by the stock due to better expectations of future growth. The price-to-book value indicates the inherent value of a company and reflects the price that investors are willing to pay even if there is no growth in a business. The stock belongs to the IT Consulting & Software – Mid Cap industry. Promoter/FII Holding
Promoters held 43.92 per cent stake in the company as on June 30, 2024, while FII and MF holdings in the company were 13.67 per cent and 1.11 per cent, respectively.

Key financial data
The company reported consolidated sales of Rs 958.54 crore for the quarter ended June 30, 2024, up 2.01 per cent from Rs 939.63 crore in the previous quarter and 9.86 per cent higher than Rs 872.48 crore in the year-ago quarter. Its net profit for the latest quarter stood at Rs 184.08 crore, down 2.53 per cent from the same quarter last year.

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