On Thursday, Tata Elxsi Ltd. shares went up by 0.31% and were priced at Rs 6,879.85 around 1:38 PM (IST), while the BSE Sensex fell by 152.34 points to reach 78,320.53. The previous day’s closing price for Tata Elxsi was Rs 6,858.15.
The company’s stock hit a high of Rs 9,082.90 and a low of Rs 6,285.05 in the past year. According to data from BSE, by 1:38 PM, around 6,936 shares of Tata Elxsi had been traded, totaling Rs 4.74 crore.
Currently, Tata Elxsi’s shares trade at 52.49 times its earnings from the last twelve months, which was Rs 131.16 per share, and 19.34 times its book value. A higher price-to-earnings ratio means that investors expect the company to grow in the future. The price-to-book ratio shows what investors believe the company is worth even if it isn’t growing quickly.
The stock’s Beta value, which tells us how much the stock’s price moves compared to the market, is 1.0243. This indicates that the stock is a bit more volatile than the overall market.
Shareholder Information:
As of September 30, 2024, Tata Elxsi’s promoters owned 43.91% of the company, foreign institutional investors owned 13.65%, and domestic institutional investors owned 2.0%.
Technical Analysis:
The Relative Strength Index (RSI) for Tata Elxsi is at 40.89. The RSI is a tool that measures whether a stock is overbought (above 70) or oversold (below 30). However, it’s important not to rely on just one metric when deciding whether to buy or sell a stock.
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