Tata Elxsi surges on inking pact with ISRO
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Tata Elxsi is currently trading at Rs. 7880.00, up by 189.65 points or 2.47% from its previous closing of Rs. 7690.35 on the BSE.
The scrip opened at Rs. 7942.00 and has touched a high and low of Rs. 7950.00 and Rs. 7828.75 respectively. So far 11567 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. 7950.00 and Rs. 7555.00 respectively. The current market cap of the company is Rs. 49061.38 crore.
The promoters holding in the company stood at 43.92%, while Institutions and Non-Institutions held 17.40% and 38.68% respectively.
Tata Elxsi has partnered with the prestigious Indian Space Research Organization (ISRO) to enable the upcoming Gaganyaan Mission. Through the association, Tata Elxsi has designed and developed Crew Module Recovery Models (CMRM) for recovery team training of the space Mission.
ISRO's Gaganyaan project envisions a demonstration of human spaceflight capability by launching the crew into a 400-kilometer orbit for a three-day Mission and safely bringing them to Earth by landing in Indian sea waters. One of the key requirements of this project is the safe recovery of the crew, which must be carried out with minimum lapse of time. This is where the crew recovery models come into use. For recovery team training, CMRMs designed and fabricated by Tata Elxsi, that simulated the Mass, Centre of gravity, Outer Dimensions, interfaces and Externals of the actual Crew Module.
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.
