The share price of Tata Elxsi Ltd. dropped 0.68% to Rs 7256.1 at 01:29PM (IST) in Thursday’s trade. During the session, the stock reached a high of Rs 7305.95 and a low of Rs 7219.5. In the previous session, the stock closed at Rs 7305.95.

On the BSE, Tata Elxsi Ltd. had a total traded volume of 01:29PM shares so far with a turnover of Rs 4.03 crore. The stock traded at a price-to-earnings multiple of 59.52 and a price-to-book ratio of 17.8.

A higher price-to-earnings ratio indicates that investors are willing to pay a higher price for each rupee of earnings given by the stock, due to better future growth expectations. The price-to-book value represents the inherent value of a company and is the measure of the price that investors are ready to pay, even without any growth in the business.

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

Promoters held 43.92% stake in the company as of 30-Jun-2023, while FIIs and domestic institutional investors ownership stood at 14.22% and 4.0% respectively.

The company reported consolidated net sales of Rs 872.48 crore for the quarter ended 30-Jun-2023, reflecting a 1.03% increase from the previous quarter and an 18.51% increase from the year-ago quarter. The profit for the latest quarter stood at Rs 188.85 crore, a 2.24% increase from the same quarter a year ago.