Strong deal pipeline, auto sector recovery positive for Tata Elxsi

A 56 per cent stock uptick since December caps upside

Topics
Tata Elxsi | Auto sector | Healthcare sector

Ram Prasad Sahu  |  Mumbai 

The Tata Elxsi stock has gained 20 per cent over the last couple of trading sessions on better than expected December quarter results, strong deal pipeline and recovery in the engineering, research and development or ERD. Led by embedded product design segment which accounts for over 88 per cent of its revenues, the company reported a 13 per cent growth in revenues as compared to the year ago period.

On a sequential basis growth was led by industrial design and visualisation segment which posted a growth of 27 per cent. Given the management commentary on growth across segments and ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 14 2021. 20:23 IST
RECOMMENDED FOR YOU
.