Tata Elxsi shares rise 0.29 per cent in Tuesday's trading session

Shares of Tata Elxsi Ltd. rose 0.29 per cent to Rs 7274.7 in Tuesday's trade as of 12:33PM (IST) even as the benchmark Nifty ruled at 19692.65, up 20.3 points.

The scrip had closed at Rs 7253.85 in the previous session. The stock quoted a 52-week low of Rs 5708.1 and a high of Rs 10760.4. The company quoted a market-cap of Rs 45320.75 crore on the BSE.

On BSE, 3,061 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 59.69 times its trailing 12-month EPS of Rs 121.93 per share and 17.8 times its book value. The return on equity (ROE) stood at Rs 36.2.

Key Financials
For the quarter ended 30-Jun-2023, Tata Elxsi Ltd. reported consolidated sales of Rs 872.48 crore, up 18.51 per cent from the same quarter a year ago. The company reported 2.24 per cent YoY growth in net profit at Rs 188.85 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.