Tata Elxsi falls despite reporting 15% rise in Q2 net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Tata Elxsi is currently trading at Rs. 7602.10, down by 74.35 points or 0.97% from its previous closing of Rs. 7676.45 on the BSE.
The scrip opened at Rs. 7700.05 and has touched a high and low of Rs. 7743.20 and Rs. 7590.60 respectively. So far 8753 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9191.10 on 18-Dec-2023 and a 52 week low of Rs. 6406.60 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 8025.00 and Rs. 7350.00 respectively. The current market cap of the company is Rs. 47358.90 crore.
The promoters holding in the company stood at 43.92%, while Institutions and Non-Institutions held 19.92% and 36.17% respectively.
Tata Elxsi has reported 14.70% rise in its net profit at Rs 229.43 crore for second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 200.02 crore for the same quarter in the previous year. Total income of the company increased by 11.67% at Rs 1019.39 crore for Q2FY25 as compared to Rs 912.82 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.
