TATA ELXSI share price has plunged 10% and is presently trading at Rs 850.
Meanwhile, the BSE IT Index is at 12,523 (down 12.4%).
Among the top losers in the BSE IT Index today are TATA ELXSI (down 9.7%) and ORACLE FINANCIAL (down 8.0%).
Over the last one year, TATA ELXSI has moved down from Rs 960 to Rs 850, registering a loss of Rs 110 (down 11.5%)..
The BSE IT has moved down from 14,990 to 12,523, loss of 2,467 points (down 16.5%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].
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The BSE Sensex is at 31,221 (down 9.4%).
In the meantime, NSE Nifty is at 9,133 (down 10.1%).
Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,221, registering a loss of 6,315 points (down 20.91%).
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 20.1x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed most of the buying interest during closing hours today and ended on a strong note.
BSE Sensex is trading up by 167 points, while the NSE Nifty is trading up by 50 points.
Indian share markets open in green. The BSE Sensex opened up by 156 points, while the Nifty is trading higher by 52 points.
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