TATA ELXSI at All Time High; BSE IT Index Up 0.6%

TATA ELXSI share price has hit an all-time high at Rs 1,275 (up 3.85%).

Meanwhile, the BSE IT Index is at 13,701 (up 0.64%).

Among the top gainers in the BSE IT Index today are TATA ELXSI (up 3.85%) and TCS (up 1.62%)

INFIBEAM INCORPORATION (down 0.10%) and INFOSYS LTD (down 0.15%) are among the top losers today.

Over the last one year, TATA ELXSI has moved up from Rs 772 to Rs 1,275, registering a gain of Rs 503 (up 65.08%).

The BSE IT has moved up from 10,143 to 13,701, registering a gain of 3,558 points (up 34.78%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were FIRSTSOURCE SOL. (up 157.46%), KPIT TECHNOLOGIES (up 140.98%) and SONATA SOFTWARE (up 116.48%).

What About the Benchmark Indices?

The BSE Sensex is at 35,726 (up 0.53%). The top gainers among the BSE Sensex stocks today are DR. REDDYS LAB (up 4.91%), SBI (up 2.27%) and TCS (up 1.62%). Other gainers include INDUSIND BANK (up 1.45%) and SUN PHARMA (up 1.37%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and SBI.

In the meantime, NSE Nifty is at 10,856 (up 0.49%). The top gainers in the NSE Nifty include LUPIN LTD (up 5.27%), SBI (up 2.15%) and TCS (up 1.67%). Other gainers include INDIABULLS HOU. FIN. (up 1.66%) and CIPLA (up 1.62%).

Over the last 12 months, the BSE Sensex has moved up from 31,096 to 35,726, registering a gain of 4,630 points (up 14.72%).

TATA ELXSI Financial Update...

TATA ELXSI net profit grew 12.0% 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 11.9% 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 14.7% to Rs 12 billion during FY17.

The current Price to earnings ratio of TATA ELXSI, based on rolling 12 month earnings, stands at 16.5x.

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

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