Shares of Tata Elxsi rise as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 7751.55.
Shares of gained 0.26 per cent to Rs 7123.2 in Tuesday's trade as of 12:43PM (IST). It hit a high of Rs 7160.6 and low of Rs 7063.5 during the session.The stock quoted a 52-week high price of Rs 9191.1 and a low of Rs 6559.0. The return on equity for the stock stood at 31.61 per cent. About 11,305 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.02.
The scrip has been an underperformer, up 7.25 per cent in the past one year in comparison with a 25.27 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 6559.0 on April 30, while the 50-DMA was at Rs 7628.37. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 43.92 per cent stake in as of 31-Mar-2024. Mutual funds and foreign institutional investors held 1.81 per cent and 14.56 per cent stake.
Source: Stocks-Markets-Economic Times
