TATA ELXSI share price has hit an all-time high at Rs 1,264 (up 2.82%).
Meanwhile, the BSE IT Index is at 13,626 (up 0.07%).
Among the top gainers in the BSE IT Index today are TATA ELXSI (up 2.82%) and TCS (up 0.39%)
MPHASIS LTD (down 0.20%) and INFOSYS LTD (down 0.81%) are among the top losers today.
Over the last one year, TATA ELXSI has moved up from Rs 772 to Rs 1,264, registering a gain of Rs 492 (up 63.45%).
The BSE IT has moved up from 10,143 to 13,626, registering a gain of 3,483 points (up 34.02%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were FIRSTSOURCE SOL. (up 149.45%), KPIT TECHNOLOGIES (up 138.62%) and SONATA SOFTWARE (up 113.69%).
What About the Benchmark Indices?
The BSE Sensex is at 35,568 (up 0.07%). The top gainers among the BSE Sensex stocks today are DR. REDDYS LAB (up 1.73%), WIPRO (up 1.53%) and ADANI PORTS & SEZ (up 0.93%). Other gainers include M&M (up 0.71%) and INDUSIND BANK (up 0.60%). The most traded stocks in the BSE Sensex are ICICI BANK and SBI.
In the meantime, NSE Nifty is at 10,817 (up 0.11%). The top gainers in the NSE Nifty include WIPRO (up 1.55%), LUPIN LTD (up 1.37%) and BPCL (up 1.35%). Other gainers include CIPLA (up 1.28%) and IOC (up 1.18%).
Over the last 12 months, the BSE Sensex has moved up from 31,096 to 35,568, registering a gain of 4,472 points (up 14.19%).
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 16.4x.
This article was originally published in English at www.equitymaster.com
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