Tata Elxsi shares gain 0.15% as Sensex falls
Tata Elxsi Ltd. traded 0.15 per cent higher in Friday's session at 11:27AM (IST).
The stock opened at Rs 7126.95 and has touched an intraday high and low of Rs 7130.9 and Rs 7089.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 10760.4 and a 52-week low of 5708.1.
About 946 shares changed hands on the counter so far. Benchmark Nifty50 was down 76.7 points at 19466.4, while the BSE Sensex traded 239.91 points lower at 65448.27 at the time of writing of this report.
In the Nifty pack, 9 stocks traded the day in the green, while 41 were in the red.Key Financials 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 year-ago quarter. The company reported net profit of Rs 188.85 crore for the latest quarter.Promoter Holdings Promoters held 43.92 per cent stake in the company as of 30-Jun-2023, while FIIs held 14.22 per cent and MFs 2.4 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 6808.52 on August 11, while the 50-DMA was at Rs 7491.61.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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