Tata Elxsi Share Price: Tata Elxsi share price down 0.78 per cent

Shares of Tata Elxsi Ltd. traded 0.78 per cent up at Rs 7100.0 at around 01:29PM (IST) on Friday. The stock had closed at Rs 7156.25 in the previous session. Equity benchmark Sensex traded 843.25 points lower at 73767.86 around the same time. The scrip has climbed 6.31 per cent in the last one year till date, while the 30-share index has gained 23.29 per cent during the same period.

The stock’s 52-week high price stood at Rs 9191.1 and the 52-week low price at Rs 6559.0.

Trading volume on the counter stood at 11,162 shares, while it quoted a price-to-earnings ratio of 55.75, an EPS value of 127.25 and a price-to-book value of 19.34. In the Nifty50 pack, 14 stocks traded in the green, while 36 stocks were in the red.

Promoter/FII Holding
Promoters held 43.92 per cent stake in the company as of 31-Mar-2024, while overseas investor and MF ownership stood at 14.55 per cent and 1.81 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 939.63 crore, down 1.0 per cent from the previous quarter’s Rs 949.16 crore and down 8.8 per cent from the year-ago quarter’s Rs 863.61 crore. The company reported net profit of Rs 196.93 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.