MARKETS
Shares of midcap Tata Group company- Tata Elxsi gained in early trade by as much as 3 per cent to day's high of Rs 7,980.3 even as the company posted steady Q2 results in the September quarter. . The margin at the design and technology entity also edged higher by just 70 bps to 27.9 per cent as against 27.2 per cent in the previous quarter. The company's net profit for the quarter ended September 30 came in at Rs 229.4 crore , marking an increase of 24.6 per cent sequentially. Its quarterly revenue grew 4.2 per cent to Rs 965.1 crore, according to a regulatory filing. Ahead of its results, the stock ended at Rs 7,762.35 per share on the BSE. Morgan Stanley has continued with its underweight call on the stock with a target of Rs 6,860, implying potential downside of 12 per cent. About the company The company is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation.i Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
What’s New
Spotlight
Advertisement
Featured News
Latest From This Week
Popular News
