Tata Elxsi soars on entering into collaboration with Drager to advance critical care innovation in India
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Tata Elxsi is currently trading at Rs. 7794.00, up by 124.15 points or 1.62% from its previous closing of Rs. 7669.85 on the BSE.
The scrip opened at Rs. 7750.10 and has touched a high and low of Rs. 7799.00 and Rs. 7704.85 respectively. So far 3214 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. 5,900.00 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 7799.00 and Rs. 7515.00 respectively. The current market cap of the company is Rs. 48357.66 crore.
The promoters holding in the company stood at 43.92%, while Institutions and Non-Institutions held 20.74% and 35.35% respectively.
Tata Elxsi and Drager have entered into collaboration to advance critical care innovation in India. As part of this collaboration, Drager is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi's facility in Pune. The ODC will focus on developing innovative critical care medical devices for both local and international markets. This partnership combines Tata Elxsi's design and technology expertise along with Drager's expertise in medical and safety technology.
The development center will unite talent from both organisations, dedicated to designing and developing innovative critical care medical devices for deployment in the Operation Theatre (OT) environment worldwide. This central hub will oversee all aspects of critical care product development, from conceptualisation to product design, prototyping, and testing. The ODC provides a comprehensive critical care equipment testing facility, which is equipped with medical-grade gases, compressors, oxygen cylinders to create test environment, to meet the demanding requirements of the OT setup.
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.
