Tata Elxsi shares down 0.62% as Sensex falls

economictimes.indiatimes.com:

Tata Elxsi Ltd. fell 0.62 per cent to Rs 7266.0 in Monday's session as of 12:22PM (IST) even as the equity benchmark Sensex traded 123.32 points lower at 66560.94. Earlier in the day, the stock witnessed a gap up start to the session.

The stock quoted a 52-week high price of Rs 10760.4 and a 52-week low of Rs 5708.1 on NSE. Around 10765 shares changed hands on the counter till 12:22PM (IST). The stock opened at Rs 7365.0 and has touched an intraday high and low of Rs 7385.85 and Rs 7252.55 during the session so far.

The counter quoted a price-to-earnings (PE) ratio of 59.55, earnings per share (EPS) of Rs 121.93 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 July 24, while FII and MF ownerships stood at 14.22 per cent and 2.4 per cent, respectively.Key Financials With a market capitalisation of Rs 45216.12 crore, the company operates in the IT Consulting & Software — Mid Cap industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 872.48 crore, up 1.03 per cent from the previous quarter?s Rs 863.61 crore and up 18.51 per cent from the same quarter a year ago. The company reported net profit of Rs 188.85 crore for the latest quarter, up 2.24 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 37.22.

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, just the way