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Tata Elxsi Plunges 6%; BSE IT Index Up 1.0%
Mon, 11 Nov 17:19

Tata Elxsi Plunges 6%; BSE IT Index Up 1.0%Image source: KanawatTH/www.istockphoto.com

Tata Elxsi share price has plunged 6% and is presently trading at Rs 6,529.5.

Meanwhile, the BSE IT index is at 42,401.3 (up 1.0%).

Among the top losers in the BSE IT index today are Sonata Software (down 4.5%) and Firstsource Solutions (down 2.7%).

Eclerx Services (up 4.1%) and Oracle Financial Services (up 3.3%) are among the top gainers today.

Over the last one year, Tata Elxsi has moved down from Rs 8,179.0 to Rs 6,529.5, registering a loss of Rs 1,649.5 (down 20.2%).

On the other hand, the BSE IT index has moved up from 31,601.8 to 42,401.3, registering a gain of 34.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 200.1%), Firstsource Solutions (up 125.9%) and PERSISTENT SYSTEMS (up 83.6%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,496.2 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 4.2%) and HCl Tech. (up 1.6%). The most traded stocks in the BSE Sensex are NTPC and Tata Motors.

In the meantime, NSE Nifty is at 24,141.3 . Asian Paints and APOLLO HOSPITALS are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,942.4 to 79,496.2, registering a gain of 14,553.8 points (up 22.4%).

Tata Elxsi Financial Update...

Tata Elxsi net profit grew 14.7% YoY to Rs 2,294 million for the quarter ended September 2024, compared to a profit of Rs 2,000 million a year ago. Net sales rose 8.3% to Rs 9,551 million during the period as against Rs 8,817 million in July-September 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 49.8.


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