Tata Elxsi gains on collaborating with Unity Technologies to launch CoE

05 Oct 2017 Evaluate

Tata Elxsi is currently trading at Rs. 801.95, up by 4.20 points or 0.53% from its previous closing of Rs. 797.75 on the BSE.

The scrip opened at Rs. 805.50 and has touched a high and low of Rs. 805.50 and Rs. 795.55 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 925.50 on 18-Sep-2017 and a 52 week low of Rs. 510.83 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 825.00 and Rs. 795.00 respectively. The current market cap of the company is Rs. 4,991.00 crore.

The promoters holding in the company stood at 44.57%, while Institutions and Non-Institutions held 16.53% and 38.90% respectively.

Tata Elxsi has entered into collaboration with Unity Technologies, creator of the flexible, high-performance end-to-end development platform used to create real-time interactive 2D, 3D, VR and AR experiences, to launch a Centre of Excellence (CoE). The CoE will serve as a global innovation platform that brings together Unity developers, researchers and industry stakeholders to encourage knowledge sharing of best practices in digital transformation.

The Unity-Tata Elxsi partnership is significant as it builds the single largest pool of Unity developers in India. Despite economic fluctuations and market uncertainty, this is a bright spark in the Asia Pacific region, as it continues to build opportunities for augmented reality/virtual reality (AR/VR).

Tata Elxsi is a leading global design and technology services company and part of the $100B Tata group. Tata Elxsi helps customers to develop & deploy innovative services and applications that drive new revenue streams, deliver greater operational efficiency, and improve customer experience.

Tata Elxsi Share Price

10576.90 335.45 (3.28%)
Aug 16, 18:01 View Price Chart
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