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Tata Elxsi Ltd sees excellent buying support

Capital Market 

Tata Elxsi Ltd is quoting at Rs 924, up 1.77% on the day as on 12:44 IST on the NSE. The stock is down 4.79% in last one year as compared to a 12.88% gain in NIFTY and a 10.48% gain in the Nifty IT.

Tata Elxsi Ltd rose for a fifth straight session today. The stock is quoting at Rs 924, up 1.77% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 12293.1. The Sensex is at 41702.19, down 0.6%. Tata Elxsi Ltd has added around 8.32% in last one month.

Meanwhile, Nifty IT index of which Tata Elxsi Ltd is a constituent, has added around 5.87% in last one month and is currently quoting at 16362.35, down 0.69% on the day. The volume in the stock stood at 7.07 lakh shares today, compared to the daily average of 11.22 lakh shares in last one month.

The PE of the stock is 23.04 based on TTM earnings ending December 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 15 2020. 13:00 IST
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