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Tata Elxsi Gains 4%; BSE IT Index Up 0.4%
Tue, 27 Aug 9:55

Tata Elxsi Gains 4%; BSE IT Index Up 0.4%Image source: phive2015/www.istockphoto.com

Tata Elxsi share price has zoomed 4% and is presently trading at Rs 8,019.8.

Meanwhile, the BSE IT index is at 42,616.5 (up 0.4%).

Among the top gainers in the BSE IT index today are Coforge (up 1.3%) and TANLA SOLUTIONS (up 1.2%).

Firstsource Solutions (down 1.1%) and CYIENT (down 0.5%) are among the top losers today.

Over the last one year, Tata Elxsi has moved up from Rs 7,110.5 to Rs 8,019.8, registering a gain of Rs 909.3 (up 12.8%).

On the other hand, the BSE IT index has moved up from 31,231.8 to 42,616.5, registering a gain of 36.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 177.4%), INFIBEAM AVENUES (up 120.0%) and PERSISTENT SYSTEMS (up 100.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,669.8 .

The top losers among the BSE Sensex today are JSW Steel (down 1.2%) and Kotak Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and HCl Tech..

In the meantime, NSE Nifty is at 24,995.9 (down 0.1%). BPCL and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,669.8, registering a gain of 16,236.5 points (up 24.8%).

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 63.4.

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