Tata Elxsi shares drop 0.21% as Sensex rises
The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 6023.3.
Shares of traded 0.21 per cent lower in Monday's session at 12:48PM (IST). The stock opened at Rs 8144.95 and has touched an intraday high and low of Rs 8144.95 and Rs 7975.15, respectively, during the session so far.The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of 6023.3. About 8,804 shares changed hands on the counter so far.
Benchmark Nifty50 was up 158.3 points at 22672.0, while the BSE traded 529.32 points higher at 74777.54 at the time of writing of this report.
In the pack, 39 stocks traded the day in the green, while 11 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 7763.59 on April 08, while the 50-DMA was at Rs 7688.12. 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
