TATA ELXSI Share Price Up by 5%; BSE IT Index Down 0.1%

Mon, 1 Feb 12:49 PM

TATA ELXSI share price has zoomed 5% and is presently trading at Rs 2,835.

Meanwhile, the BSE IT Index is at 24,984 (down 0.1%).

Among the top Gainers in the BSE IT Index today is TATA ELXSI (up 5.1%).

PERSISTENT SYSTEMS (down 0.3%) and HCL TECHNOLOGIES (down 0.8%) are among the top losers today.

Over the last one year, TATA ELXSI has moved up from Rs 948 to Rs 2,835, registering a gain of Rs 1,887 (up 198.3%).

On the other hand, the BSE IT has moved up from 16,174 to 24,984, registering a gain of 8,810 points (up 53.4%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 198.3%), PERSISTENT SYSTEMS (up 111.1%) and L&T INFOTECH (up 104.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 47,263 (up 1.7%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.8%), ICICI BANK (up 5.9%) and BAJAJ FINSERV (up 4.0%). Other gainers include HDFC (up 3.9%) and M&M (up 3.9%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 13,906 (up 1.5%). The top gainers in the NSE Nifty include INDUSIND BANK (up 10.5%), ICICI BANK (up 5.9%) and M&M (up 4.0%). Other gainers include HDFC (up 4.0%) and BAJAJ FINSERV (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,967 to 47,263, registering a gain of 6,296 points (up 14.88%).

TATA ELXSI Financial Update...

TATA ELXSI net profit stood at Rs 1 billion for the quarter ended December 2020, compared to a profit of Rs 754 million a year ago. Net Sales rose 12.7% to Rs 4.8 billion during the period as against Rs 4.2 billion in October-December 2019.

For the year ended March 2020, TATA ELXSI reported 11.7% decrease in net profit to Rs 2.6 billion compared to net profit of Rs 2.9 billion during FY19.

Revenue of the company grew 0.8% to Rs 16 billion during FY20.

The current Price to earnings ratio of TATA ELXSI, based on rolling 12 month earnings, stands at 52.6x.

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