Share price of Tata Elxsi rises as Nifty strengthens

Shares of Tata Elxsi Ltd. gained 0.56 per cent to Rs 7592.5 in Wednesday’s trade as of 12:02PM (IST). The stock hit a high price of Rs 7640.0 and low of Rs 7549.75 during the session. The return on equity (ROE) for the stock stood at 31.61 per cent. Traded volume on the counter stood at 12:02PM shares and turnover at Rs 4.01 crore around that time. The stock of Tata Elxsi Ltd. quoted a 52-week high price of Rs 9191.1 and 52-week low prices of Rs 6406.6, respectively. The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.02. Promotor/FII Holding Promoters held 43.92 per cent stake in the company as of 30-Jun-2024, while foreign investors held 13.67 per cent and domestic institutional investors had 1.11 per cent. Key Financials The company reported consolidated sales of Rs 958.54 crore for the quarter ended 30-Jun-2024, up 2.01 per cent from previous quarter’s Rs 939.63 crore and up 9.86 per cent from the year-ago quarter’s Rs…