Tata Elxsi shares gain 0.78% as Sensex rises

Shares of Tata Elxsi Ltd. traded 0.78 per cent higher in Monday's session at 12:15PM (IST). The stock opened at Rs 6430.0 and has touched an intraday high and low of Rs 6435.2 and Rs 6372.55, respectively, during the session so far.

The stock quoted a 52-week high of Rs 10760.4 and a 52-week low of 5708.1. About 4,798 shares changed hands on the counter so far.

Benchmark Nifty50 was up 85.5 points at 18113.15, while the BSE Sensex traded 308.82 points higher at 60930.59 at the time of writing of this report.

In the Nifty pack, 34 stocks traded the day in the green, while 16 were in the red.


Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 781.84 crore, up 6.2 per cent from the previous quarter's Rs 736.21 crore and up 30.79 per cent from the year-ago quarter. The company reported net profit of Rs 174.28 crore for the latest quarter.

Promoter Holdings
Promoters held 43.92 per cent stake in the company as of 31-Dec-2022, while FIIs held 13.89 per cent and MFs 2.12 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 7848.09 on January 23, while the 50-DMA was at Rs 6523.93. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.