TATA ELXSI at All Time High; BSE IT Index Up 0.2%

TATA ELXSI share price has hit an all-time high at Rs 1,258 (up 2.09%).

Meanwhile, the BSE IT Index is at 13,423 (up 0.24%).

Among the top gainers in the BSE IT Index today are TATA ELXSI (up 2.09%) and INFOSYS LTD (up 0.74%)

L&T TECHONOLOGY SERVICES (down 0.34%) and TCS (down 0.38%) are among the top losers today.

Over the last one year, TATA ELXSI has moved up from Rs 667 to Rs 1,258, registering a gain of Rs 591 (up 88.06%).

The BSE IT has moved up from 10,267 to 13,423, registering a gain of 3,156 points (up 30.45%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were SONATA SOFTWARE (up 150.17%), KPIT TECHNOLOGIES (up 136.94%) and FIRSTSOURCE SOL. (up 120.57%).

What About the Benchmark Indices?

The BSE Sensex is at 34,876 (down 0.58%). The top gainers among the BSE Sensex stocks today are COAL INDIA (up 2.92%), M&M (up 2.38%) and ONGC (up 0.91%). Other gainers include INFOSYS LTD (up 0.74%) and WIPRO (up 0.02%). The most traded stocks in the BSE Sensex are COAL INDIA and M&M.

In the meantime, NSE Nifty is at 10,589 (down 0.63%). The top gainers in the NSE Nifty include COAL INDIA (up 3.06%), M&M (up 2.78%) and POWER GRID (up 1.28%). Other gainers include TECH MAHINDRA (up 1.17%) and ONGC (up 0.71%).

Over the last 12 months, the BSE Sensex has moved up from 31,109 to 34,876, registering a gain of 3,767 points (up 11.69%).

TATA ELXSI Financial Update...

TATA ELXSI net profit grew 112.0% YoY to Rs 703 million for the quarter ended March 2018, compared to a profit of Rs 628 million a year ago. Net Sales rose 108.6% to Rs 3.8 billion during the period as against Rs 3.5 billion in January-March 2017.

For the year ended March 2017, TATA ELXSI reported 111.9% increase in net profit to Rs 1.7 billion compared to net profit of Rs 1.5 billion during FY16.

Revenue of the company grew 114.7% to Rs 12 billion during FY17.

The current Price to earnings ratio of TATA ELXSI, based on rolling 12 month earnings, stands at 16.3x.

This article was originally published in English at www.equitymaster.com

Read the complete Indian stock market update. For the terms of use, go here.