TATA ELXSI Plunges by 5%; BSE IT Index Down 3.5%
March 16, 2020 10:20 AM

TATA ELXSI share price has plunged 5% and is presently trading at Rs 849.

Meanwhile, the BSE IT Index is at 13,180 (down 3.5%).

Among the top losers in the BSE IT Index today are TATA ELXSI (down 5.1%) and L&T INFOTECH LTD (down 6.7%).

ORACLE FINANCIAL (up 1.9%) is among the top gainer today.

Over the last one year, TATA ELXSI has moved down from Rs 960 to Rs 849, registering a loss of Rs 111 (down 11.6%)..

The BSE IT has moved down from 14,961 to 13,180, loss of 1,781 points (down 11.9%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 4.8%).

In the meantime, NSE Nifty is at 9,593 (down 4.4%). YES BANK (up 49.1%) and TCS (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 14.00%).

TATA ELXSI Financial Update...

TATA ELXSI net profit stood at Rs 754 million for the quarter ended December 2019, compared to a profit of Rs 660 million a year ago. Net Sales rose 4.0% to Rs 4.2 billion during the period as against Rs 4.1 billion in October-December 2018.

For the year ended March 2018, TATA ELXSI reported 37.3% increase in net profit to Rs 2.4 billion compared to net profit of Rs 1.7 billion during FY17.

Revenue of the company grew 12.0% to Rs 14 billion during FY18.

The current Price to earnings ratio of TATA ELXSI, based on rolling 12 month earnings, stands at 20.4x.