Tata Elxsi shares fall 2.98% as Nifty drops
Tata Elxsi Ltd. traded 2.98 per cent down at Rs 7183.0 on Tuesday at around 01:49PM (IST), while the benchmark BSE Sensex declined 492.37 points to 80658.9.
As many as 5,785 shares changed hands on the counter with a total value of Rs 4.21 crore.
The stock quoted a 52-week high price of Rs 9191.1 and a 52-week low of Rs 6406.6.
On the technical charts, the 200-DMA of the stock stood at Rs 7489.88, while 50-DMA was at Rs 7571.2. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 4.89 per cent in the past one year, while Sensex has risen 23.34 per cent during the same period.
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