Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Tata Elxsi Gains 5%; BSE IT Index Up 0.9%
Fri, 20 Sep 16:36

Tata Elxsi Gains 5%; BSE IT Index Up 0.9%Image source: Ivcandy/www.istockphoto.com

Tata Elxsi share price has zoomed 5% and is presently trading at Rs 7,920.0.

Meanwhile, the BSE IT index is at 42,825.7 (up 0.9%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 3.1%) and INDIAMART INTERMESH (up 2.7%).

KPIT TECHNOLOGIES (down 0.8%) and L&T TECHNOLOGY SERVICES (down 0.5%) are among the top losers today.

Over the last one year, Tata Elxsi has moved up from Rs 7,284.4 to Rs 7,920.0, registering a gain of Rs 635.7 (up 8.7%).

On the other hand, the BSE IT index has moved up from 33,207.2 to 42,825.7, registering a gain of 29.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 166.9%), Firstsource Solutions (up 87.2%) and PERSISTENT SYSTEMS (up 84.0%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,643.4 (up 1.8%).

The top gainers among the BSE Sensex today are M&M (up 5.4%) and ICICI Bank (up 5.2%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,822.6 (up 1.6%). M&M and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 84,643.4, registering a gain of 17,046.6 points (up 25.2%).

Tata Elxsi Financial Update...

Tata Elxsi net profit fell 2.5% YoY to Rs 1,841 million for the quarter ended June 2024, compared to a profit of Rs 1,889 million a year ago. Net sales rose 9.0% to Rs 9,265 million during the period as against Rs 8,503 million in April-June 2023.

For the year ended March 2024, Tata Elxsi reported 4.9% increase in net profit to Rs 7,922 million compared to net profit of Rs 7,552 million during FY23. Revenue of the company grew 13.0% to Rs 35,521 million during FY24.

The current Price to earnings ratio of Tata Elxsi, based on rolling 12 month earnings, stands at 62.6.


Equitymaster requests your view! Post a comment on "Tata Elxsi Gains 5%; BSE IT Index Up 0.9%". Click here!