Tata Elxsi Ltd extends losses

Capital Market 

Tata Elxsi Ltd is quoting at Rs 852.45, down 0.17% on the day as on 13:24 IST on the NSE. The stock tumbled 41.01% in last one year as compared to a 5.13% rally in NIFTY and a 4.54% spurt in the Nifty IT index.

Tata Elxsi Ltd is down for a fifth straight session today. The stock is quoting at Rs 852.45, down 0.17% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.4% on the day, quoting at 11509.5. The Sensex is at 38631.08, down 0.26%.Tata Elxsi Ltd has lost around 1.73% in last one month.Meanwhile, Nifty IT index of which Tata Elxsi Ltd is a constituent, has eased around 7.61% in last one month and is currently quoting at 15254.5, down 0.38% on the day. The volume in the stock stood at 1.79 lakh shares today, compared to the daily average of 4.03 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 852, down 0.37% on the day. Tata Elxsi Ltd tumbled 41.01% in last one year as compared to a 5.13% rally in NIFTY and a 4.54% spurt in the Nifty IT index.

The PE of the stock is 18.48 based on TTM earnings ending March 19.

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First Published: Wed, July 10 2019. 13:35 IST