Tata Elxsi shares up 1.47% as Nifty gains

NEW DELHI: Shares of Tata Elxsi Ltd. traded 1.47 per cent up in Thursday's trade at 10:10AM (IST). Around 4,436 shares changed hands on the counter.

The stock opened at Rs 7178.9 and touched an intraday high and low of Rs 7288.8 and Rs 7142.7, respectively, in the session so far. Shares of the company of Tata Elxsi Ltd. quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 6406.6.

As per BSE, the total market cap of the Tata Elxsi Ltd. stood at Rs 44707.63 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 939.63 crore for the quarter ended 31-Mar-2024, down 1.0 per cent from previous quarter's Rs 949.16 crore and down 8.8 per cent from the year-ago quarter's Rs 863.61 crore.

The net profit for latest quarter stood at Rs 196.93 crore, down 2.27 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 1.81 per cent stake in the firm, while foreign institutional investors held 14.56 per cent and the promoters 43.92 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 56.42 and a price-to-book ratio of 19.34. 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.