TATA ELXSI Share Price Up by 10%; BSE IT Index Down 0.2%

Wed, 13 Jan 10:04 AM

TATA ELXSI share price has zoomed 10% and is presently trading at Rs 2,300.

Meanwhile, the BSE IT Index is at 26,907 (down 0.2%).

Among the top Gainers in the BSE IT Index today is TATA ELXSI (up 10.4%).

INFOSYS (down 0.1%) and FIRSTSOURCE SOLUTIONS (down 0.3%) are among the top losers today.

Over the last one year, TATA ELXSI has moved up from Rs 891 to Rs 2,300, registering a gain of Rs 1,409 (up 157.3%).

On the other hand, the BSE IT has moved up from 16,052 to 26,907, registering a gain of 10,855 points (up 66.4%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 157.3%), PERSISTENT SYSTEMS (up 143.0%) and FIRSTSOURCE SOLUTIONS (up 138.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 49,795 (up 0.4%).

The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 6.0%), ONGC (up 3.6%) and SBI (up 2.6%). Other gainers include NTPC (up 2.2%) and M&M (up 2.2%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 14,653 (up 0.4%). The top gainers in the NSE Nifty include BHARTI AIRTEL (up 5.5%), BPCL (up 4.7%) and ONGC (up 3.3%). Other gainers include TATA MOTORS (up 3.0%) and IOC (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,860 to 49,795, registering a gain of 7,935 points (up 18.73%).

TATA ELXSI Financial Update...

TATA ELXSI net profit stood at Rs 789 million for the quarter ended September 2020, compared to a profit of Rs 754 million a year ago. Net Sales rose 1.6% to Rs 4.3 billion during the period as against Rs 4.2 billion in July-September 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 46.8x.

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