Tata Elxsi rises on inking MoU with IIT Guwahati
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Tata Elxsi is currently trading at Rs. 6377.15, up by 91.70 points or 1.46% from its previous closing of Rs. 6285.45 on the BSE.
The scrip opened at Rs. 6310.00 and has touched a high and low of Rs. 6395.00 and Rs. 6291.40 respectively. So far 2711 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10760.40 on 17-Aug-2022 and a 52 week low of Rs. 5708.10 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 6448.65 and Rs. 6186.00 respectively. The current market cap of the company is Rs. 39701.23 crore.
The promoters holding in the company stood at 43.92%, while Institutions and Non-Institutions held 17.33% and 38.76% respectively.
Tata Elxsi has inked a Memorandum of Understanding (MoU) with Indian Institute of Technology (IIT), Guwahati, to jointly work on developing and commercialising state-of-the-art solutions for the electric mobility market. The collaboration will bring together researchers and experts for advanced research in the fields of Material Science, Digital Twins, and Deep Artificial Intelligence and Machine Learning techniques.
A key area of work under the collaboration will be the digital analysis of electrical signature data for traction motors which underpins EV mobility across segments including Automotive and Rail. The solution will provide deep insights for pro-active fault prediction, maintenance schedule formulation, and traceability for design and manufacturing defects.
Tata Elxsi is a global design and technology Services Company and works with customers across industries such as automotive, broadcast, healthcare and telecom for product and software development.
