ETMarkets.comInvestors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of Tata Elxsi Ltd. traded 0.31 per cent up at Rs 7209.15 on Thursday at around 11:16AM (IST), while the benchmark BSE Sensex declined 124.09 points to 65658.69.
As many as 3,449 shares changed hands on the counter with a total value of Rs 248.0 crore.
The stock quoted a 52-week high price of Rs 10760.4 and a 52-week low of Rs 5708.1.
On the technical charts, the 200-DMA of the stock stood at Rs 6820.85, while 50-DMA was at Rs 7527.06. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 18.43 per cent in the past one year, while Sensex has risen 12.98 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 59.17 and a price-to-book ratio of 17.8. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the IT Consulting & Software - Mid Cap industry.
As many as 3,449 shares changed hands on the counter with a total value of Rs 248.0 crore.
The stock quoted a 52-week high price of Rs 10760.4 and a 52-week low of Rs 5708.1.
On the technical charts, the 200-DMA of the stock stood at Rs 6820.85, while 50-DMA was at Rs 7527.06. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 18.43 per cent in the past one year, while Sensex has risen 12.98 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 59.17 and a price-to-book ratio of 17.8. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the IT Consulting & Software - Mid Cap industry.
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