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Tata Elxsi soars on inking partnership pact with Welspun

16 Feb 2017

Tata Elxsi is currently trading at Rs. 1465.90, up by 35.00 points or 2.45% from its previous closing of Rs. 1430.90 on the BSE.

The scrip opened at Rs. 1426.00 and has touched a high and low of Rs. 1475.00 and Rs. 1426.00 respectively. So far 57058 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2064.00 on 27-Apr-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. 1518.50 and Rs. 1425.10 respectively. The current market cap of the company is Rs. 4567.98 crore.

The promoters holding in the company stood at 44.63%, while institutions and non-institutions held 13.66% and 41.71% respectively.

Tata Elxsi has partnered with Welspun, one of the world's largest textile makers, for the design, development and implementation of SpinTales - a new line of products that launched in 2016 with a patented Augmented Reality storytelling technology.

SpinTales, the first brand under a wholly owned subsidiary of Welspun called TILT Textiles, launched the SpinTales Enchanted Duvet and SpinTales Jungle Rug. The Duvet and Rug are interactive and innovative textiles for kids, age three and up. The experience is uniquely interactive for both children and parents, with a focus on multi-dimensional storytelling, educational activities and Augmented Reality.

Tata Elxsi is a global design company that blends technology, creativity, engineering and it provides system integration and software development. The company caters to various industries such as aerospace, consumer electronics, entertainment, FMCG, telecom etc.


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