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%).
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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 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.
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