TATA ELXSI Plunges by 5%; BSE IT Index Down 1.5%
March 17, 2020 09:34 AM

TATA ELXSI share price has plunged 5% and is presently trading at Rs 784.

Meanwhile, the BSE IT Index is at 12,392 (down 1.5%).

Among the top losers in the BSE IT Index today are TATA ELXSI (down 5.4%) and L&T INFOTECH LTD (down 6.2%).

ORACLE FINANCIAL (up 1.3%) is among the top gainer today.

Over the last one year, TATA ELXSI has moved down from Rs 983 to Rs 784, registering a loss of Rs 198 (down 20.2%)..

The BSE IT has moved down from 14,985 to 12,392, loss of 2,593 points (down 17.3%) 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 31,832 (down 1.7%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 2.0%). The most traded stocks in the BSE Sensex are ONGC and ITC.

In the meantime, NSE Nifty is at 9,315 (down 1.0%). YES BANK (up 19.9%) and TATA STEEL (up 3.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,832, registering a loss of 6,263 points (down 18.98%).

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 18.5x.