Tata Elxsi surges on reporting 39% rise in Q3 net profit

13 Jan 2021

Tata Elxsi is currently trading at Rs. 2265.60, up by 188.50 points or 9.08% from its previous closing of Rs. 2077.10 on the BSE.

The scrip opened at Rs. 2178.00 and has touched a high and low of Rs. 2299.90 and Rs. 2150.00 respectively. So far 75110 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2180.00 on 12-Jan-2021 and a 52 week low of Rs. 501.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2180.00 and Rs. 1946.95 respectively. The current market cap of the company is Rs. 12935.44 crore.

The promoters holding in the company stood at 44.53 % while Institutions and Non-Institutions held 16.37 % and 39.10 % respectively.

Tata Elxsi has reported results for third quarter ended December 31, 2021. The company has reported 39.49% rise in its net profit of Rs 105.20 crore for the quarter under review as compared to net profit of Rs 75.42 crore for the same quarter in the previous year. Total income of the company increased by 10.86% at Rs 492.18 crore for Q3FY21 as compared Rs 443.96 crore for the corresponding quarter previous year.

Tata Elxsi is a global design and technology Services Company and works with customers across industries such as automotive, broadcast, healthcare and telecom for product and software development.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323