Tata Elxsi rises 1.01% as Sensex climbs

Shares of Tata Elxsi Ltd. traded at Rs 7620.0 on BSE at 10:41AM (IST) on Wednesday, up 1.01 per cent from previous close.

The stock quoted a 52-week low price of Rs 5708.1 and a high of Rs 10760.4.

Earlier, the stock saw a gap up opening in the morning.

A total of 1,205 lakh shares changed hands on the counter till 10:41AM (IST).

The stock of Tata Elxsi Ltd. commanded a market value of Rs 47462.12 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 62.85, while the price-to-book value ratio stood at 17.8. Return on equity (ROE) was at 36.2 per cent, according to exchange data.

In the BSE500 pack, 337 stocks traded in the green, while 164 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.02.

Promotor/FII Holding
Promoters held 43.92 per cent in Tata Elxsi Ltd. as of 31-Mar-2023 while foreign and domestic institutional investors owned 13.86 per cent and 1.85 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 6975.66 on June 28, while the 50-DMA was at 7199.82. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.