Tata Elxsi shares drop 0.92% as Sensex rises
The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 6947.1.
Shares of traded 0.92 per cent lower in Friday's session at 12:57PM (IST). The stock opened at Rs 7424.9 and has touched an intraday high and low of Rs 7424.9 and Rs 7328.5, respectively, during the session so far.The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of 6947.1. About 9,503 shares changed hands on the counter so far.
Benchmark Nifty50 was up 38.9 points at 23006.55, while the BSE traded 93.96 points higher at 75512.0 at the time of writing of this report.
In the pack, 29 stocks traded the day in the green, while 21 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 939.63 crore, down 1.0 per cent from the previous quarter's Rs 949.16 crore and down 8.8 per cent from the year-ago quarter. The company reported net profit of Rs 196.93 crore for the latest quarter.
Promoter Holdings
Promoters held 43.92 per cent stake in the company as of 31-Mar-2024, while FIIs held 14.55 per cent and MFs 1.81 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 7736.05 on May 24, while the 50-DMA was at Rs 7461.52. 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
