Tata Elxsi advances on buzz to buy smaller companies for faster business growth

28 Nov 2016 Evaluate

Tata Elxsi is currently trading at Rs. 1271.55, up by 28.70 points or 2.31% from its previous closing of Rs. 1242.85 on the BSE.

The scrip opened at Rs. 1244.70 and has touched a high and low of Rs. 1294.00 and Rs. 1241.00 respectively. So far 1,46,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2396.00 on 02-Feb-2016 and a 52 week low of Rs. 1021.65 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1294.00 and Rs. 1021.65 respectively. The current market cap of the company is Rs. 3,960.16 crore.

The promoters holding in the company stood at 44.63%, while Institutions and Non-Institutions held 14.73% and 40.64% respectively.

Engineering and industrial design services provider Tata Elxsi, a Tata Group company, is reportedly planning to buy smaller companies in areas such as automotive, media and healthcare, helping it grow business faster. The over Rs 1,000 crore company has built capabilities to provide niche automotive design services for driver-less cars and telematics for connected cars.

Tata Elxsi provides system integration and software development. The company caters to various industries such as aerospace, consumer electronics, entertainment, FMCG, telecom etc.


Tata Elxsi Share Price

7084.20 19.60 (0.28%)
14-May-2024 09:50 View Price Chart
Peers
Company Name CMP
TCS 3919.65
Infosys 1425.00
HCL Tech. 1316.50
Wipro 453.55
Tech Mahindra 1263.95
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