On Friday, Tata Exlsi limited became the first Tata group stock that crossed the 10k mark. In the early trading session on Friday, the stock opened at Rs 9,727 and spiked by 3% to reach its new levels of Rs 10,040.
The rally continued on Tuesday, as the shares opened at Rs 10,438 and zoomed by approximately 2.5% to reach their new All-Time High of Rs 10,719.40.
Till 11.45 am on Wednesday, the stock was trading 1% up at Rs 10,678 levels. In the last five days, the stock has gained more than 12%.
In Year-To-Date (YTD) time, the stock has surged from around RS 5,580 to Rs 10,238.05 levels, logging a near 81% rise in this period.
In a year, the shares of Tata Elxi have given a multibagger return of more than 126% to its investors as it has climbed up from Rs 4,403 levels in August last year to the current levels. In the last five years, the stock has delivered a return of more than 1,170%.
In Q1FY23, the company reported total revenue of RS 725 Crores up 30 per cent from Rs 558 crores which it earned in the same quarter last year. Their net profit jumped by 63 per cent to Rs 184 Crores in the quarter under review as against Rs 113 Crores in the June quarter of FY22.
The midcap company is focused to develop and promote applications of electronics, embedded systems, and software. The company is considered to be a leader in the automotive, media, broadcast, communications, and healthcare industries.
More than 75 per cent of its revenues are generated through exports as the majority of its services are used by high-demand markets like the US and European countries
Tata Elxsi is actively engaged with some of the world’s best-known automotive OEMs and suppliers for the development and deployment of future mobility and technologies such as Artificial Intelligence (AI) and Machine learning (ML).
Written by – Anoushka Roy
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