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Tata Elxsi Stock Rises on Strong Result .


Tata Elxsi, the Design & Engg services Company based in Bengaluru, reported an increase in net profit by 51.4-pc at Rs75.4-cr in the third-quarter FY20 as against Rs.49.8-cr, on a Quarter-on-quarter basis.

The company’s revenue also scaled up 10pc Quarter-on-quarter at Rs.423.4-cr V/s Rs.386-cr in the previous quarter. EBITDA advanced 34-pc Rs.94.2-cr as against Rs70.3cr in, the company said in the press note.

Share of the Tata Elxsi Ltd reacted to the strong results. At 2.53-pm, the stock is trading at Rs888, up by Rs30.45 or 4.65% from its previous closing on the NSE. In comparison, Nifty scaled at 12318, up by 61 points and the Sensex quoted at 41820, up by 220 pots in trade. Get the Free Stock tips and the latest stock future updates from the experts.

The stock opened at Rs855 and has touched a high and low of Rs899 and Rs852.30 respectively.