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    Tata Elxsi shares down 2.3% as Nifty drops

    Synopsis

    A total of 33,895 shares changed hands on the counter till 02:00PM (IST).

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    NEW DELHI: Shares of Tata Elxsi Ltd. traded 2.3 per cent down in Thursday's trade at 02:00PM (IST). Around 33,895 shares changed hands on the counter.

    The stock opened at Rs 6210.3 and touched an intraday high and low of Rs 6265.55 and Rs 6025.5, respectively, in the session so far. The stock of Tata Elxsi Ltd. quoted a 52-week high of Rs 10760.4 and a 52-week low of Rs 5420.2.

    Total market cap of the Tata Elxsi Ltd. stood at Rs 37714.61 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 781.84 crore for the quarter ended 30-Sep-2022, up 6.2 per cent from previous quarter's Rs 736.21 crore and up 30.79 per cent from the year-ago quarter's Rs 597.76 crore.

    The net profit for latest quarter stood at Rs 174.28 crore, up 39.05 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Sep-2022, DIIs held 2.35 per cent stake in the company, while foreign institutional investors held 15.17 per cent and the promoters 43.92 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 56.29 and a price-to-book ratio of 34.39. 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.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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