Tata Elxsi surges on reporting 63% rise in Q1 net profit
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Tata Elxsi is currently trading at Rs. 8038.05, up by 240.05 points or 3.08% from its previous closing of Rs. 7798.00 on the BSE.
The scrip opened at Rs. 7940.00 and has touched a high and low of Rs. 8025.75 and Rs. 7870.00 respectively. So far 12045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9420.00 on 31-Mar-2022 and a 52 week low of Rs. 4106.30 on 20-Jul-2021.
Last one week high and low of the scrip stood at Rs. 8122.60 and Rs. 7635.05 respectively. The current market cap of the company is Rs. 49173.48 crore.
The promoters holding in the company stood at 43.92%, while Institutions and Non-Institutions held 19.38% and 36.71% respectively.
Tata Elxsi has reported 62.92% rise in its net profit at Rs 184.72 crore for first quarter ended June 30, 2022 as compared to Rs 113.38 crore for the same quarter in the previous year. Total income of the company increased by 27.85% at Rs 736.21 crore in Q1FY23 as compared Rs 575.82 crore for the corresponding quarter previous year.
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.
