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    Tata Elxsi shares rise 2.18 per cent in Friday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 44.74 on Friday.

    A broker watches a TV news channel as another monitors share prices at a brokerage firm in MumbaiReuters
    On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
    Shares of Tata Elxsi Ltd. rose 2.18 per cent to Rs 6390.0 in Friday's trade as of 10:05AM (IST) even as the benchmark Nifty ruled at 18238.75, up 47.75 points.

    The scrip had closed at Rs 6253.8 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 39878.41 crore on the BSE.

    On BSE, 5,018 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 59.52 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 Friday. 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.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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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