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

Fri, 29 Jan 10 am

TATA ELXSI share price has zoomed 5% and is presently trading at Rs 2,729.

Meanwhile, the BSE IT Index is at 25,687 (up 0.1%).

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

ORACLE FINANCIAL (down 0.6%) and TCS (down 0.6%) are among the top losers today.

Over the last one year, TATA ELXSI has moved up from Rs 943 to Rs 2,729, registering a gain of Rs 1,787 (up 188.8%).

On the other hand, the BSE IT has moved up from 16,141 to 25,687, registering a gain of 9,546 points (up 57.8%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 188.8%), PERSISTENT SYSTEMS (up 113.4%) and FIRSTSOURCE SOLUTIONS (up 106.1%).

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

What About the Benchmark Indices?

The BSE Sensex is at 47,424 (up 0.4%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), BAJAJ FINANCE (up 2.3%) and M&M (up 2.1%). Other gainers include BAJAJ AUTO (up 1.3%) and KOTAK MAHINDRA BANK (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 13,967 (up 0.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 4.5%), TATA MOTORS (up 2.8%) and BPCL (up 2.5%). Other gainers include HERO MOTOCORP (up 2.4%) and BAJAJ FINANCE (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,155 to 47,424, registering a gain of 6,269 points (up 14.30%).

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 50.6x.

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