Tata Elxsi shares drop 0.49% as Sensex falls
The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 5976.05.
Shares of traded 0.49 per cent lower in Tuesday's session at 01:44PM (IST). The stock opened at Rs 7764.9 and has touched an intraday high and low of Rs 7764.9 and Rs 7651.4, respectively, during the session so far.The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of 5976.05. About 2,539 shares changed hands on the counter so far.
Benchmark Nifty50 was down 45.35 points at 22416.65, while the BSE traded 201.86 points lower at 73812.69 at the time of writing of this report.
In the pack, 22 stocks traded the day in the green, while 28 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 949.16 crore, up 3.98 per cent from the previous quarter's Rs 912.83 crore and up 13.42 per cent from the year-ago quarter. The company reported net profit of Rs 206.43 crore for the latest quarter.
Promoter Holdings
Promoters held 43.92 per cent stake in the company as of 31-Dec-2023, while FIIs held 15.02 per cent and MFs 2.7 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 7757.39 on April 02, while the 50-DMA was at Rs 7697.32. 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.
Source: Stocks-Markets-Economic Times
