Tata Elxsi reported a 13 per cent rise in the net profit at Rs.43 cr for the second quarter (Q2) ended September 30, 2016. The net profit stood at Rs.38 cr in the year-ago period. During the July to September quarter (Q2), the company's total income from operations increased 15 per cent to Rs.303.28 cr as compared to Rs.263.6 cr for the corresponding period of previous year, according to a BSE filing by the Tata Elxsi.
The company said that based on the recommendations of the nomination and remuneration committee, its Board had approved the re-appointment of Madhukar Dev as the MD - managing director and CEO – chief executive officer for a period from 16th January, 2017 upto 1st October, 2019, subject to the approval of the members of the firm.
Tata Elxsi Share Price History:
Meanwhile, Tata Elxsi share price was trading 3.42 per cent higher at Rs.1281.40 on the National Stock Exchange (NSE) today. The scrip opened at Rs.1250 from a previous closing of Rs.1239.00.
Tata Elxsi is analyzed by Dynamic Levels Researchers and analysts as the top 500 performing stocks for the current quarter among the 1700 stocks which are listed on the National Stock Exchange (NSE). Tata Elxsi is fundamentally strong, financially sound and is safe for investment, as per Dynamic analysts and market experts.
Tata Elxsi has a market cap of Rs.3858.03 (Cr) while its book value stands at 91.02. The 52-week high of the stock stands at Rs. 2403.00 (02-Feb-16) while the 52-week low reads at Rs. 1222.05 (27-Oct-16). The life time high & low of the stock stands at Rs. 2403.00 (02-Feb-16) and Rs. 13.75 (08-Jul-97), respectively.
In order to gain information about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a quick visit to Tata Elxsi share price history.
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