TATA ELXSI at All Time High; BSE IT Index Up 0.5%
June 12, 2018 09:59 AM

TATA ELXSI share price has hit an all-time high at Rs 1,266 (up 2.89%).

Meanwhile, the BSE IT Index is at 13,656 (up 0.52%).

Among the top gainers in the BSE IT Index today are TATA ELXSI (up 2.89%) and TCS (up 0.99%)

ECLERX SERVICES (down 0.22%) and INFOSYS LTD (down 0.32%) are among the top losers today.

Over the last one year, TATA ELXSI has moved up from Rs 772 to Rs 1,266, registering a gain of Rs 494 (up 63.56%).

The BSE IT has moved up from 10,143 to 13,656, registering a gain of 3,513 points (up 34.62%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were FIRSTSOURCE SOL. (up 152.43%), KPIT TECHNOLOGIES (up 139.09%) and SONATA SOFTWARE (up 116.16%).

What About the Benchmark Indices?

The BSE Sensex is at 35,568 (up 0.21%). The top gainers among the BSE Sensex stocks today are DR. REDDYS LAB (up 2.41%), WIPRO (up 1.34%) and ADANI PORTS & SEZ (up 1.24%). Other gainers include SUN PHARMA (up 1.09%) and TCS (up 0.99%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,817 (up 0.15%). The top gainers in the NSE Nifty include LUPIN LTD (up 2.38%), HCL TECH. (up 1.32%) and WIPRO (up 1.19%). Other gainers include CIPLA (up 1.11%) and TCS (up 1.03%).

Over the last 12 months, the BSE Sensex has moved up from 31,096 to 35,568, registering a gain of 4,472 points (up 14.34%).

TATA ELXSI Financial Update...

TATA ELXSI net profit grew 112.0% YoY to Rs 703 million for the quarter ended March 2018, compared to a profit of Rs 628 million a year ago. Net Sales rose 108.6% to Rs 3.8 billion during the period as against Rs 3.5 billion in January-March 2017.

For the year ended March 2017, TATA ELXSI reported 111.9% increase in net profit to Rs 1.7 billion compared to net profit of Rs 1.5 billion during FY16.

Revenue of the company grew 114.7% to Rs 12 billion during FY17.

The current Price to earnings ratio of TATA ELXSI, based on rolling 12 month earnings, stands at 16.4x.