Tata Elxsi hits new high, rallies 36% in 9 days post stellar Q4 results

In the past one year, the stock has zoomed 432 per cent, against 54 per cent jump in the benchmark S&P BSE Sensex

Shares of Tata Elxsi zoomed 16 per cent to Rs 4,089.70 on the BSE in intra-day trade on Tuesday, extending its previous week's rally after the Tata Group IT company reported a stellar set of March quarter (Q4FY21) numbers. In the nine trading sessions since April 22, the stock has surged 36 per cent, as compared to 2.4 per cent rise in the S&P BSE Sensex. In the past one year, it has zoomed 432 per cent, against 54 per cent jump in the benchmark index.

In Q4FY21, Tata Elxsi’s revenues increased 8.7 per cent quarter-on-quarter (QoQ) to Rs