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    Tata Elxsi shares rise 0.05 per cent in Wednesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 43.58 on Wednesday.

    Stock market-1200ThinkStock Photos
    Shares of Tata Elxsi Ltd. rose 0.05 per cent to Rs 6256.05 in Wednesday's trade as of 12:46PM (IST) even as the benchmark Nifty ruled at 18159.0, up 105.7 points.

    The scrip had closed at Rs 6253.0 in the previous session. The stock quoted a 52-week low of Rs 5708.1 and a high of Rs 10760.4. The company quoted a market-cap of Rs 38925.89 crore on the BSE.

    On BSE, 1,472 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 58.1 times its trailing 12-month EPS of Rs 107.58 per share and 34.39 times its book value. The return on equity (ROE) stood at Rs 34.33.

    Key Financials
    For the quarter ended 30-Sep-2022, Tata Elxsi Ltd. reported consolidated sales of Rs 781.84 crore, up 30.79 per cent from the same quarter a year ago. The company reported 39.05 per cent YoY growth in net profit at Rs 174.28 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



    ( Originally published on Jan 18, 2023 )
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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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