Tata Elxsi shares down 0.61% as Sensex rises
Tata Elxsi Ltd. fell 0.61 per cent to Rs 8366.5 in Monday's session as of 01:24PM (IST) even as the equity benchmark Sensex traded 1113.51 points higher at 68594.7.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 8576.25 and a 52-week low of Rs 5708.1 on NSE. Around 3795 shares changed hands on the counter till 01:24PM (IST).
The stock opened at Rs 8425.1 and has touched an intraday high and low of Rs 8500.9 and Rs 8341.0 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 66.31, earnings per share (EPS) of Rs 126.06 and price to book value (PB) of 17.8, while the return on equity (ROE) stood at Rs 36.2.
Promoter/ FII Holding
The promoters held 43.92 per cent stake in the company as of December 04, while FII and MF ownerships stood at 13.8 per cent and 2.47 per cent, respectively.
Key Financials With a market capitalisation of Rs 52056.88 crore, the company operates in the IT Consulting & Software — Mid Cap industry.
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 912.83 crore, up 4.62 per cent from the previous quarter?s Rs 872.48 crore and up 16.75 per cent from the same quarter a year ago. The company reported net profit of Rs 200.02 crore for the latest quarter, up 14.77 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 60.87.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call,
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